View Single Post
Old 11-14-2002   #56
wig
Members
 
Join Date: Oct 2002
Posts: 1,248
Default

Quote:
Originally posted by Cal@Nov 14 2002, 05:43 PM
What's so idealistic about penalizing poor mothers with tons of kids? China does it, it must work!

http://www.deanforamerica.com/issues.htm#healthcare

Let the flames begin!



C.
Cal, I looked at this site and in the very first paragraph Dean states...

"President Bush and the GOP have essentially taken money out of the Social Security Trust Fund, money that is owed to the American people, and used it to finance tax cuts that hurt most Americans."

This guy is either naive or he is purposely deceiving people.

There is no money in the social security trust fund. There is only a computer entry (called book entry) which consists of treasury securities (mostly STRIPS -- zero coupon treasury bonds). It is a collection of Federal Gov't IOU's to themselves, which they count as money. It is nothing more than a massive ponzi scheme.

I prefer a candidate that understands this and is not afraid to air it. Otherwise, it is simply demagoguery.
wig is offline   Reply With Quote