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To: The Bronze Titan
Currently, no! The federal government is selling securities (borrowing) to cover any revenue shortfall in the SSTF. But, if reform is not done, then the imbalance will tip to insolvency down the road.

Please tell me you are not so clueless as to believe the SSTF represents actual assets. Because if you do, I can see why you would not think SS is a Ponzi scheme. And that kind of ignorance is dangerous - and on FR, very odd indeed. Just about all FReepers I have known are smart enough to realize just what the Trust Fund represents - a bunch of worthless IOUs.

Calling it a Ponzi scheme is demagogic and stupid.

It's far closer to the truth than your blather, and it got people talking about the subject - and I am not a Perry booster.

Palin had to cover his explanation in a better way. He's like a bull in china shop, huffin and puffin along with no concrete solutions.

Palin was wrong here (and I am a Palin supporter). We need more blunt talk from someone like Perry - and we also need folks like you to better understand what the SS Trust Fund represents - which is nothing.

95 posted on 09/19/2011 11:47:56 AM PDT by dirtboy
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To: dirtboy
-"Please tell me you are not so clueless as to believe the SSTF represents actual assets."

Obviously you did not comprehend my statement. SSTF is a an accounting process, there is NO LOCK BOX! However, you need to understand and explain the accounting process and the funding in order to fix it. We would all be better served if people approached this topic with some sound and reasonable discussion, not wild-eyed accusations. Calling it a Ponzi Scheme by a national candidate for President will not get you a majority of the votes in your favor. In fact, it detracts from the correcting it.

101 posted on 09/19/2011 12:23:02 PM PDT by The Bronze Titan
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