Government Lies?

[Paul Mackin]

>From the point of view of total government income and spending the surplus
is quite real. 

The goverment income derived from social security "premiums" is as much
tax income and real money as the income derived from any other tax, and
the obligation of the government to pay social secuity benefits to
those eligible for them by law is essentially the same as any other
need the government has for money.

The so called trust funds are, and have always, been fictions. They were
not deceitful, however, but were devised in the 1930s to promote and sell
the idea that old age and other benefits are an earned right of workers,
who help pay for them, and not "charity" or "welfare."

			P.


			P.


On Thu, 19 Oct 2000, Tyrone Slothrop wrote:

> Do we really have a budget surplus? In the general
> fund the US we collected $1,364 and spent $1,392. A
> deficit of $28. For Social Secruity we collected $239
> more than we returned to the people. This created a
> "surplus" of $212.
> 
> All money listed is in billions of dollars.
> 
> But the money is Social Secruity is not the
> government's money. It has to be paid back. Can we
> really call this a surplus?
> 
> Let me know if I am wrong.
> 
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