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To: kabar

The T-bills cannot be redeemed without borrowing the money from elsewhere. Therefore the only thing that the reams of propaganda you copied and pasted boils down to this:

1. We spent all your money, it’s gone. Sorry. We did leave a bunch of IOUs in a file cabinet so that makes it OK.

2. Luckily for you we will borrow that much money again to pay you instead of the poor suckers currently working or getting ready to start working. We will call this phony second borrowing “redeeming the trust fund” and you will believe us because you will believe anything we tell you. We promise, you can trust us, just ask the Indians, we’d tell you to ask the Branch Davidians but they’re unavailable just now.

Now, by all means go back and find some more government-published fiction to copy and paste.


23 posted on 01/18/2013 6:58:38 PM PST by Go_Raiders (The wrong smoke detector might just kill you - http://www.theworldfiresafetyfoundation.org)
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To: Go_Raiders
You can go on with your delusion that the reason SS is going broke is that the government stole the money from Al Gore's lockbox. The reality is that SS is actuarial unsustainable. It doesn't matter whether there are T-bills or gold in the SSTF. We just have too many people receiving benefits compared to the revenue coming in. You must either cut benefits or raise taxes.

It is sad that so-called conservatives are as you claim to be are so ill-informed about how SS works and why it is going broke. It is a Ponzi scheme and you are too dumb to realize it.

Why Social Security is a Ponzi Scheme

24 posted on 01/18/2013 8:40:48 PM PST by kabar
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