Ken
2008-04-03 06:12:59
While I completely agree that the SS system is in serious trouble, itself being an unsustainable ponzi scheme, I disagree that borrowing from the fund has much to do with it. When the gov’t borrows money it does so by selling bonds, which as we know are backed by the US gov’t, exactly like money is. So the SS “envelope” is stuffed with blue pieces of paper instead of green ones. Both have the same value and the same guarantee that they will be worth something in the future.
