From: Spike Jones (spike66@attglobal.net)
Date: Wed Jun 20 2001 - 23:18:42 MDT
> > Spike Jones wrote: ...the candidate who favored paying
> > down the debt was very nearly elected by his creditors,
> > the Social Security hordes ...
Samantha Atkins wrote:
> Huh? It is not the Social Security receiving folks who the are
> the creditors for the government's debt.
My claim is that as soon as one retires, one becomes a creditor
of the U.S. government, for that government *owes* the retirees
their social security benefits. My case is simply that it is a mistake
to think of social security benefits as anything other than entitlements.
It is not welfare, it is not a gift. The money paid into social security
during the working years should not be thought of as a tax, but
rather a forced investment. The benefits collected after retirement
is the payback. So retirees are creditors of the government as it
pays them their money.
It is in the best interest of the government to carry a debt to a
large number of voters, to ensure its own survival. The debt would
discourage revolutions against a government that owes a lot
of voters money. spike
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