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Reply #16: But AzDem, don't you see [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Yupster Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-26-04 03:53 PM
Response to Reply #14
16. But AzDem, don't you see
in that article it says that starting in 2018 we'll have to start tapping the surplus that we've been saving up.

You must know there is no surplus. It's already been looted.

Then it says in that article that in 2052 the surplus will be used up. HELLO. The surplus is already used up. There is no surplus. It's being spent as fast as it's coming in. It's not resting, or asleep r pining for the fields. It's a dead parrot.

Here's an anology.

At age 21, I loan my good for nothing brother in law $ 10,000. He promises to repay me with 10 % interest.

Then he spends the money on booze and women and blows the rest.

When projecting my retirement, I see that I don't have much saved up, but my numbers look fine when I remember the $ 640,000 my brother-in-laws loan future values up to at my age 62.

Now my wife told me she was concerned we didn't have enough set aside for retirement, but I told her she wasn't considering the $ 640,000 our account was owed.

When my financial advisor told me my brother in law was unlikely to make good on that $ 640,000, I showed him my IOU, and when he continued to question whether I would ever see a penny of that $ 640,000 I put my fingers in my ears while I repreated over and over "I can't hear you, I can't hear you."

So, I say without hesitation that social security will never see any hint of the hundreds of billions of dollars that have been looted from the trust fund.

But if you want to keep adding them into your figurings go ahead. You can even stick your fingers in your ears and say "I can't hear you."
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