To: mdittmar
The economic elite, says Steele, attack Social Security because it's a large pool of money for Wall Street to play with.
I'm afraid Mr. Steele is a stupid person. Social Security has no money. It's paying out more in benefits than it collects in taxes. That's why the system is in trouble.
4 posted on
10/08/2012 4:53:11 PM PDT by
Milton Miteybad
(I am Jim Thompson. {Really.})
To: Milton Miteybad
The economic elite, says Steele, attack Social Security because it's a large pool of money for Wall Street to play with.The political elite didn't let Wall Street play with this money, because they wanted to spend it themselves. Now we have unfunded SocSec liabilities of over $10 trillion and no pile of stocks and bonds to pay the benefits.
7 posted on
10/08/2012 5:12:58 PM PDT by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
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