From: Ray Fischer on
Bill Graham <weg9(a)comcast.net> wrote:
>"SMS" <scharf.steven(a)geemail.com> wrote in message
>> Ray Fischer wrote:
>>> Bill Graham <weg9(a)comcast.net> wrote:
>>>>> On 20 Sep 2009 00:13:06 GMT, rfischer(a)sonic.net (Ray Fischer) wrote:
>>>
>>>>>> Rightard lie. It's nothing like a Ponzi scheme and it's only ignorant
>>>>>> rightards who claim as much.
>>>> In a Ponzi scheme, new investors pay for the old ones, and that's
>>>> exactly how Social Security works.
>>>
>>> graham is a dumbshit rightard. Social Security IS NOT AN INVESTMENT.
>>> They do not promise to return one dome of your money. It's retirement
>>> insurance and, like all other insurance, income is used to pay claims.
>>>
>>>> It generates no money from investing in any business or other
>>>> enterprise.
>>>
>>> graham is lying. SS is invested in US Treasuries,
>>
>> He is a ditto head. Someone told him these lies and he repeats them. He
>> has no critical thinking skills.
>
>The government can't "invest" in US Treasuries.....

But the Social Security Administration can and does.

>....This is lending money to
>itself, to pay off its own debts with.

Rightards don't understand how things work. They tend to believe that
"government" is a monolithic whole and that it cannot do things like
invest money or pay claims.

--
Ray Fischer
rfischer(a)sonic.net

From: mikey4 on

"Ray Fischer" <rfischer(a)sonic.net> wrote in message
news:4ab5af54$0$1668$742ec2ed(a)news.sonic.net...
> Bill Graham <weg9(a)comcast.net> wrote:
>>> On 20 Sep 2009 00:13:06 GMT, rfischer(a)sonic.net (Ray Fischer) wrote:
>
>>>>Rightard lie. It's nothing like a Ponzi scheme and it's only ignorant
>>>>rightards who claim as much.
>>
>>In a Ponzi scheme, new investors pay for the old ones, and that's exactly
>>how Social Security works.
>
> graham is a dumbshit rightard. Social Security IS NOT AN INVESTMENT.
> They do not promise to return one dome of your money. It's retirement
> insurance and, like all other insurance, income is used to pay claims.
>
>> It generates no money from investing in any
>>business or other enterprise.
>
> graham is lying. SS is invested in US Treasuries,
>
Actually SS is not invested in "US Treasuries" I have posted proof which
you most likely ignored.
No I am not posting it again, go to the SS web site and find it for
yourself.


From: mikey4 on

"Ray Fischer" <rfischer(a)sonic.net> wrote in message
news:4ab689ec$0$1628$742ec2ed(a)news.sonic.net...
> Bill Graham <weg9(a)comcast.net> wrote:
>>"SMS" <scharf.steven(a)geemail.com> wrote in message
>>> Ray Fischer wrote:
>>>> Bill Graham <weg9(a)comcast.net> wrote:
>>>>>> On 20 Sep 2009 00:13:06 GMT, rfischer(a)sonic.net (Ray Fischer) wrote:
>>>>
>>>>>>> Rightard lie. It's nothing like a Ponzi scheme and it's only
>>>>>>> ignorant
>>>>>>> rightards who claim as much.
>>>>> In a Ponzi scheme, new investors pay for the old ones, and that's
>>>>> exactly how Social Security works.
>>>>
>>>> graham is a dumbshit rightard. Social Security IS NOT AN INVESTMENT.
>>>> They do not promise to return one dome of your money. It's retirement
>>>> insurance and, like all other insurance, income is used to pay claims.
>>>>
>>>>> It generates no money from investing in any business or other
>>>>> enterprise.
>>>>
>>>> graham is lying. SS is invested in US Treasuries,
>>>
>>> He is a ditto head. Someone told him these lies and he repeats them. He
>>> has no critical thinking skills.
>>
>>The government can't "invest" in US Treasuries.....
>
> But the Social Security Administration can and does.
>
From The SS website: The trust funds now hold only special issues, but they
have held public issues in the *past.*
"Public issues-marketable Treasury bonds available to the public."
"Special issue types and properties
There are two types of special issues: short-term certificates of
indebtedness and long-term bonds."
I have added the * to emphasize the word, past.



From: Ray Fischer on
mikey4 <lakediver(a)dd..net> wrote:
>"Ray Fischer" <rfischer(a)sonic.net> wrote in message
>> Bill Graham <weg9(a)comcast.net> wrote:
>>>"SMS" <scharf.steven(a)geemail.com> wrote in message
>>>> Ray Fischer wrote:
>>>>> Bill Graham <weg9(a)comcast.net> wrote:
>>>>>>> On 20 Sep 2009 00:13:06 GMT, rfischer(a)sonic.net (Ray Fischer) wrote:
>>>>>
>>>>>>>> Rightard lie. It's nothing like a Ponzi scheme and it's only
>>>>>>>> ignorant
>>>>>>>> rightards who claim as much.
>>>>>> In a Ponzi scheme, new investors pay for the old ones, and that's
>>>>>> exactly how Social Security works.
>>>>>
>>>>> graham is a dumbshit rightard. Social Security IS NOT AN INVESTMENT.
>>>>> They do not promise to return one dome of your money. It's retirement
>>>>> insurance and, like all other insurance, income is used to pay claims.
>>>>>
>>>>>> It generates no money from investing in any business or other
>>>>>> enterprise.
>>>>>
>>>>> graham is lying. SS is invested in US Treasuries,
>>>>
>>>> He is a ditto head. Someone told him these lies and he repeats them. He
>>>> has no critical thinking skills.
>>>
>>>The government can't "invest" in US Treasuries.....
>>
>> But the Social Security Administration can and does.
>>
>From The SS website: The trust funds now hold only special issues, but they
>have held public issues in the *past.*

Special treasury securities are still treasury securities.

--
Ray Fischer
rfischer(a)sonic.net

From: Ray Fischer on
mikey4 <lakediver(a)dd..net> wrote:
>"Ray Fischer" <rfischer(a)sonic.net> wrote in message
>> Bill Graham <weg9(a)comcast.net> wrote:
>>>> On 20 Sep 2009 00:13:06 GMT, rfischer(a)sonic.net (Ray Fischer) wrote:
>>
>>>>>Rightard lie. It's nothing like a Ponzi scheme and it's only ignorant
>>>>>rightards who claim as much.
>>>
>>>In a Ponzi scheme, new investors pay for the old ones, and that's exactly
>>>how Social Security works.
>>
>> graham is a dumbshit rightard. Social Security IS NOT AN INVESTMENT.
>> They do not promise to return one dome of your money. It's retirement
>> insurance and, like all other insurance, income is used to pay claims.
>>
>>> It generates no money from investing in any
>>>business or other enterprise.
>>
>> graham is lying. SS is invested in US Treasuries,
>>
>Actually SS is not invested in "US Treasuries" I have posted proof which
>you most likely ignored.

You posted proof that you're an idiot who thinks that special treasury
securities aren't treasury securities.

--
Ray Fischer
rfischer(a)sonic.net