Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: achilles2000

SS is full of IOUs.

Do you understand what that means? It means there is a huge surplus that was borrowed for other purposes.

Think about that.


37 posted on 11/16/2009 6:58:17 AM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
[ Post Reply | Private Reply | To 36 | View Replies ]


To: mamelukesabre

I’ve thought about for 30+ years. It is just a scam. The IOUs are not marketable government securities. All social security promises, when you cut through the lies, is to transfer massive amounts of income from younger generations to older generations through taxation. It has never ever been anything else.


40 posted on 11/16/2009 8:16:24 AM PST by achilles2000 (Shouting "fire" in a burning building is doing everyone a favor...whether they like it or not)
[ Post Reply | Private Reply | To 37 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson