From: Bill Graham on

"mikey4" <lakediver(a)dd..net> wrote in message
news:h96nt1$9ql$1(a)news.eternal-september.org...
>
> "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.
>Even if they do, you can't invest money with yourself, so it would be a
>waste of time. the government issues US Treasuries, so they can't "invest"
>the social security funds in them.

From: mikey4 on

"Ray Fischer" <rfischer(a)sonic.net> wrote in message
news:4ab6e5b2$0$1655$742ec2ed(a)news.sonic.net...
> 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.
>
> --
Why didn't you leave what I posted intact ray?


From: mikey4 on

"mikey4" <lakediver(a)dd..net> wrote in message
news:h97m2p$lbm$1(a)news.eternal-september.org...
>
> "Ray Fischer" <rfischer(a)sonic.net> wrote in message
> news:4ab6e5b2$0$1655$742ec2ed(a)news.sonic.net...
>> 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.
>>
>> --
I went back to the SS site and re-read the section on Special treasury
securities, you are right I was wrong.