In <[EMAIL PROTECTED]>,
on 12/20/2007
at 01:39 PM, "Chase, John" <[EMAIL PROTECTED]> said:
>Actually, SocSec is a "chain letter":
It's worse than that, because the funds were not retained by the SSA.
Instead, SSA bought bonds that helped fund "borrow and spend" budgeting
and their's no reasonable probability of the treasury ever being able to
pay off the bonds when the SSA tries to redeem them.
So the money was spent, but not by SSA.
--
Shmuel (Seymour J.) Metz, SysProg and JOAT
ISO position; see <http://patriot.net/~shmuel/resume/brief.html>
We don't care. We don't have to care, we're Congress.
(S877: The Shut up and Eat Your spam act of 2003)
----------------------------------------------------------------------
For IBM-MAIN subscribe / signoff / archive access instructions,
send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO
Search the archives at http://bama.ua.edu/archives/ibm-main.html
