Government Lies?

[Dorothy Zimmer]

I understand what you are saying. However, I it is my understanding that the 
government cannot remove money from social secruity and move to general fund 
without paying it back. There have been more money taken in this year, but 
that money cannot be used to pay down the debt or as a tax refund, without 
the government having to repay the money to Social Secruity.

I could be wrong.


>From: Richard Fiero <rfiero at pophost.com>
>To: pynchon <pynchon-l at waste.org>
>Subject: Re: Government Lies?
>Date: Thu, 19 Oct 2000 07:51:20 -0700
>
>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?
>. . .
>
>Social Security is pay-as-you-go.
>Your contribution and mine are used to pay current liabilities, not
>future. It is indeed the "Government's" money just as the liabilities
>are public liabilities.
>There is no "trust fund". That is just an accounting entry just as the
>interest accruing to the trust fund is just an accounting entry. If the
>guvmint actually buried the Social Security income under a mattress,
>why the guvmint would just have to print more money to make up for the
>missing money.
>Social Security money is -never- paid back. It pays the current bill.
>Yo, dude. Money in the aggregate has no cost. It's just paper. Comes
>from trees. Grows out of the ground. Etc. It's like bus tokens.
>Consider the guvmint to be a bus company that is charged with providing
>transportation. It issues tokens. If it attempts to collect a surplus
>of tokens, it's out of business.
>
>

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