Asus' FREE Speech Money Club

[extelecom]

Yes but disability and all the add ons to SS are "entitelments" as was pointed out...

Here maybe this helps on the understanding of how the SS treasuries are a joke:
http://investorshub.advfn.com/boards/replies.aspx?msg=46375767

" Quote:Social Security’s finances are often discussed in terms of
the trust funds that are used in the federal budget to track
outlays and revenues over the life of the program. Those
trust funds are mainly accounting mechanisms and contain
no economic resources.



Get it...no economic resources.


Quote:Any revenues not needed to
pay for benefits or administrative expenses are invested in
government bonds. The interest that the bonds earn (a
total of $85 billion in 2003) is credited to the trust funds.
But because that interest represents the government paying
itself, it provides no net revenues to the government
and has no effect on the total budget.



Quote:However,
trust fund holdings, which are invested in Treasury
bonds, are liabilities to the rest of the government (which
will need to pay for the bonds when they are redeemed).
Thus, such holdings are not assets of the government as a
whole.



Quote:In effect, cash will be transferred from the government’s
general fund to Social Security—just as it
would be after the trust funds are exhausted in the scheduled-
benefits scenario. To generate the real financial
resources to support those transfers, the government will
have to either run a surplus in the rest of the budget or
borrow from the public."



http://www.cbo.gov/ftpdocs/55xx/doc5530/06-14-SocialSecurity.pdf