"N2EY" wrote


What I wrote wasn't about why SS was created, but about why it could be in
trouble in the future. And as Hans, K0HB has pointed out, the 800 pound
gorilla
problem is the borrowing of money from the SS trust fund. Such borrowing is
fine unless and until it's not paid back.


When Ken Lay/Enron raids the pension fund it's called a felony.

When Nixon/Carter/Reagan/Bush/Clinton/Bush raid the pension fund it's called
sound fiscal policy.

When the IOU's in the SS fund come due for payback they don't go to jail. They
simply 'reform' SS, and in the process they confiscate more of our money and put
it at risk in the stock market. Wall Street has got to love it --- a law taking
money directly from the taxpayer and putting it into their legalized crap-shoot.

The name of the legislation shouldn't be "SS Reform Act", it should be the
"Stockbroker Full Employment Act". Talk about a "golden fleecing"!

3, de Hans, K0HB