Re: Projections in the State of the Union address

From: Eliezer S. Yudkowsky (sentience@pobox.com)
Date: Fri Jan 22 1999 - 13:24:30 MST

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The "Social Security trust fund" is bullshit. The government is
required by law to invest the money in Treasury bonds. In other words,
the government loans Social Security income to itself and spends it.
There ain't nothing in the trust fund but a little note reading "I.O.U.
$30 trillion - the Feds".

-- 
        sentience@pobox.com         Eliezer S. Yudkowsky
         http://pobox.com/~sentience/AI_design.temp.html
          http://pobox.com/~sentience/sing_analysis.html
Disclaimer:  Unless otherwise specified, I'm not telling you
everything I think I know.

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