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tw · 02-14-2005, 06:59 PM

First solution to a Social Security problem. Any monies taken by the government to pay today's bills are replaced in the SS Trust Fund with T-bills. IOW the government pays the SS Trust Fund interest on the money it takes from that Trust Fund. SS problem now solved.

But this solution would expose another problem. A problem even Ross Perot so accurately noted more than 10 years ago. Government accounting is so corrupt that any corporation doing same would be subject to fraud charges, corporate officer jail, and massive fines. The government hopes even lurkers in The Cellar don't learn this fact. The government takes SS money to pay bills - such as a war in Iraq - and never even leaves an IOU. That is called fraud anywhere else in the United States.

So instead we are going to invest in the stock market to fix the problem? Fine. Instead of giving the government all that SS Trust Fund money, instead, invest it all in index funds. No brokers get commissions. The Fed buys a seat in the markets and invests blindly in index funds. Again, Social Security shortages solved. But the brokers don't get rich? Clearly this solution must be wrong.

So who profits by a George Jr solution? People who will get big commissions and who will contribute even more to the Republican campaign war chests - stock brokers. Noted are those not strongly in favor of this George Jr SS modification. Bond traders. Bond traders would suffer under this 'so called' solution. But it does not matter. The reasons for bond trader objections are too complex for the man who only reads the Daily News or who is informed by Rush Limbaugh types. Ignore the Bond Traders. Only George Jr tells us the truth.

Simple solution. Government must pay T-bill interest rates on money taken (not borrowed - taken), fraudulently, from the SS Trust Fund (and FAA Trust Fund and Highway Trust Fund). George Jr hopes you don't know this little fact and don't learn about this solution. It would expose how much bigger the government debt really is. Ahhh... but Reagan proved deficits don't matter.

02-14-2005, 06:59 PM	#10
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	First solution to a Social Security problem. Any monies taken by the government to pay today's bills are replaced in the SS Trust Fund with T-bills. IOW the government pays the SS Trust Fund interest on the money it takes from that Trust Fund. SS problem now solved. But this solution would expose another problem. A problem even Ross Perot so accurately noted more than 10 years ago. Government accounting is so corrupt that any corporation doing same would be subject to fraud charges, corporate officer jail, and massive fines. The government hopes even lurkers in The Cellar don't learn this fact. The government takes SS money to pay bills - such as a war in Iraq - and never even leaves an IOU. That is called fraud anywhere else in the United States. So instead we are going to invest in the stock market to fix the problem? Fine. Instead of giving the government all that SS Trust Fund money, instead, invest it all in index funds. No brokers get commissions. The Fed buys a seat in the markets and invests blindly in index funds. Again, Social Security shortages solved. But the brokers don't get rich? Clearly this solution must be wrong. So who profits by a George Jr solution? People who will get big commissions and who will contribute even more to the Republican campaign war chests - stock brokers. Noted are those not strongly in favor of this George Jr SS modification. Bond traders. Bond traders would suffer under this 'so called' solution. But it does not matter. The reasons for bond trader objections are too complex for the man who only reads the Daily News or who is informed by Rush Limbaugh types. Ignore the Bond Traders. Only George Jr tells us the truth. Simple solution. Government must pay T-bill interest rates on money taken (not borrowed - taken), fraudulently, from the SS Trust Fund (and FAA Trust Fund and Highway Trust Fund). George Jr hopes you don't know this little fact and don't learn about this solution. It would expose how much bigger the government debt really is. Ahhh... but Reagan proved deficits don't matter.