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To: bogeybob
Dear David Farmer:

Please explain how a Ponzi Scheme with a declining pool of suckers to contribute to it, and "winners" who don't even contribute to it can survive longer than 60 years...

Without some kind of a change.

6 posted on 01/16/2005 8:12:16 AM PST by Publius6961 (The most abundant things in the universe are hydrogen, ignorance and stupidity.)
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To: Publius6961
Currently, Social Security runs a surplus, which is held in a trust fund. According to the Social Security Administration, the trust fund holds money that is not needed to pay current benefits. By law, the money must be invested in Treasury bonds, which are guaranteed by the U.S. government.

Yep, Treasuries, I.O.U's, a share of the national debt. When the debt is called there are 3 basic places to get the money. 1- Print more, create runaway inflation. 2- Sell off National Properties, (ie.. real estate will be on fire sale.) 3- reduce benefits. All three will have a drastic impact on the economy.

The guy that wrote this is an idiot, plain and simple.

27 posted on 01/16/2005 2:49:06 PM PST by D Rider
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