Re: SS Reform a Scam

From: Mason A. Clark (masoncNOT_at_THISix.netcom.comQQQ)
Date: 01/11/05 

Date: Tue, 11 Jan 2005 05:54:26 GMT

On Tue, 11 Jan 2005 05:52:31 GMT, Mason A. Clark
<masoncNOT@THISix.netcom.comQQQ> wrote:

>On Mon, 10 Jan 2005 21:59:30 GMT, "Bill" <xxx@yy.zz> wrote:
>
>>People seem to be missing some obvious and indisputable facts about Social
>>Security change:
>>
>>Every dollar of every Soc. Sec. check that now goes out is paid for by the
>>stream of funds generated by FICA. Pres. Bush's plan for privatization will
>>divert a substantial portion of that FICA stream away from paying checks and
>>into private accounts. To make up for this, Pres. Bush proposes to sell
>>bonds - perhaps $1 to $2 Trillion worth - which would have to be paid for by
>>future taxpayers. To the degree the bond sales are riskier than the FICA funds
>>stream, Soc. Sec. checks are at risk.
>
>There's no problem whatsoever in this. Just buy the
>bonds (prudent investing) with the FICA private account
>money.
>
>A perfect loop?
>
> Mason C

Oh, and by the way: with all those $trillions of
bonds coming on the market, the interest rate
should be pretty high. Much better investment
than private stocks or bonds.

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