The truth is the Social Security Fund needs to hold some kind of investments, just like my nest egg does.
It holds investments in Treasury Securities just like my investments do.
At my age, they are the safest investment and thus don't pay much, as income is proportional to safety.
Their safety depends largely on the Feds ability to print money. Using taxation in the near term is not viable because we are incurring huge debts to pay for (1) Iraq and (2) tax breaks to those who have the most.
Our children will be stuck with the bills,resulting declining wages and maybe less Social Security if we don't stop them. Your next vote will be critical
25 November, 2005
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