Re: Debtor Nation, another view
- From: William F Hummel <wfhummel@xxxxxxxxxxx>
- Date: Thu, 13 Oct 2005 20:23:10 -0700
On Fri, 14 Oct 2005 03:20:09 GMT, "Bill" <xxx@xxxxx> wrote:
>
>"William F Hummel" <wfhummel@xxxxxxxxxxx> wrote in message
>news:qm3uk1l6q82rfm3r7seg5j3rudvqfre7k6@xxxxxxxxxx
>> On Thu, 13 Oct 2005 17:32:04 -0700, "The Trucker" <mikcob@xxxxxxxxxxx>
>> wrote:
>> I thought you understood that SS is a pay as you go system. Payments
>> are made out of the Treasury which is funded with receipts from taxes
>> of all kinds (including FICA) plus the sale of securities if
>> necessary. Government trust fund bookkeeping is a fiction, by its own
>> admission.
>
>Just to be clear. Social Security is welfare, in your definition of welfare.
>Correct?
>
>Bill
>
Yes
.
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