In a message dated 2/5/2005 7:25:17 AM Eastern Standard Time, genegerue AT ruralize.com writes:tvoivozhd---the Social Security IOU's and the IOU's and the IOU's to China, Japan and Saudi Arabia are all Federal bonds. Congress can and probably will pass legislation to lower S.S. benefits coupled with some real or imaginary carrot---but it will not
You seem to think that the very last geezer is going to get their fullPlease do not put words into my mouth. I have offered my views. You are welcome to disagree.
measure of SS right up until the US goes bankrupt.
Not this time, Gene. I only said "seem to say" out of decorum. That's what you've repeatedly said. To wit: Whenever anyone points out that the "trust fund" had no money in it, you follow with the saw that it doesn't matter if there's no money in it, the money is de facto there until the US goesbankrupt.
The 'trust fund' is an IOU the government has written to itself. It can resolve it, if it chooses, by crumpling it up and throwing it away ... exactly as
you could do if you found an IOU in your pocket written by yourself to yourself. A change in political climate might produce just those results.
James
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