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Thread: The social security trust fund is of no economic value

  1. #1
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    The social security trust fund is of no economic value

    This guy points out why:

    http://money.cnn.com/2010/08/09/news...rtune+Magazine)

    In short - it provides no income to the treasury. Income - expenditures is zero or negative.

    Chip H.

  2. #2
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    Quote Originally Posted by chiph View Post
    This guy points out why:

    http://money.cnn.com/2010/08/09/news...rtune+Magazine)

    In short - it provides no income to the treasury. Income - expenditures is zero or negative.

    Chip H.
    Since the 60's (maybe even before that) our government has spent all the SS Trust fund dollars, and replaced them with worthless IOU's.

    When a government commits fraud - like the SS trust, like the Freddie / Fannie Mae debacle, like monetizing the debt - it's over.

    I have to add the Stock Market went to sh1t today: -265 points! It's getting better everyday in everyway - not
    Last edited by dBrong; 08-11-2010 at 05:37 PM.

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