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To: ovrtaxt
This is unreal. Social Security Trust having problems and these jerks pass this. This is an impeachable offense to all those who voted for it. Specter, I will never vote for him again. IMO.
4 posted on 05/18/2006 2:59:38 PM PDT by Racer1
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To: Racer1
Social Security Trust having problems

The major problem is that it is filled with IOUs otherwise known as non-market T-bills, which can only be redeemed by the USG. The SSTF represents a liability, is part of the national debt, and has no real assets. SS is a pay as you go system, which will start paying out more money than it is taking in 2017. Starting in 2008, the SS "surplus" will start declining.

24 posted on 05/18/2006 3:10:36 PM PDT by kabar
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To: Racer1

"This is unreal. Social Security Trust having problems and these jerks pass this"

What SS trust? The D.C. politicians raided that fund years ago...there is NO fund....its like living paycheck to paycheck. They screwed it up in D.C. and they continue to screw it again.....the Senate contains the REAL Illegal Aliens..these D.C. schmucks are aliens to us true Americans.


65 posted on 05/18/2006 3:45:30 PM PDT by tflabo (Take authority that's ours)
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