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URL:  http://boards.fool.com/supposedly-there-is-a-social-security-fund--21854048.aspx

Subject:  Re: Even SS does better than this Date:  1/4/2005  12:49 PM
Author:  iamdb Number:  43871 of 75381

Supposedly there is a social security fund -- recall the lock box promises, but the government "borrows" from it and writes worthless checks to secure the loans we unwillingly grant -- maybe not so unwillingly, given that we reelect the devils. Now, if instead, the social security fund were invested in a fiduciarilly responsible way, and the governemt had to raise taxes if they couldn't manage to live within avialable income, we wouldn't have a problem for the adminstration to exaggerate to support their idealogical desire to end a bastion of FDR's New Deal. But administration's tax reductions exacerbate the problem by increasing the need for the government to write those worthless checks to social security. I must admit, there is a nice, if sinister, circularity to the whole mess. What, me worry? We have a government by and for special interests, so why would we expect anything different?

db
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