To: Freedom4US; sphinx
What does the Dept.of Treas. really do anymore?
They print currency (the Mint produces coins) and collect and manage/mismanage the tax revenues.
The Social Security system was originally set up as a trust, but it didn't take the politicians long to get their hooks into it.
And yes, sphinx, it was a Ponzi scheme, based on projections that the population would increase.
posted on 08/18/2007 9:23:07 AM PDT
(dhimmicrats and the liberal media have .chosen sides -- Islamofascism)
No, Social Security was never a trust fund. It was pay-as-you-go from the beginning. FDR labelled it a “trust fund” as a means of selling it to an American public that hadn’t yet been habituated to the dole, but that didn’t make it so.
posted on 08/18/2007 2:11:37 PM PDT
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