Off-Topic: Social Security Fiasco

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	Name:	water_watcher -
	Subject:	Social Security Fiasco
	Date:	3/15/2010 7:18:17 AM

That is not true Hound .... that was changed by the democrats to used those funds and replace with IOU's. The original SS law when enacted mandated the funds be kept separate. If they had been and was managed and invested we would not have the problem we have now. Instead, our government borrows the funds, replaces with IOU's, pays no interest and then "repays" as payments need to be made with cheaper inflation adjusted dollars.

Now think if all the money you put in to your retirement fund 401K or IRA was invested with zero return, to be spent 30 years later considering inflation all thise years ... do you think it would not be in balance.

I think so ... hence our problem.