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Reply #36: Right. But a bank and a depositor are TWO DISTINCT ENTITIES [View All]

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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-13-09 02:08 PM
Response to Reply #35
36. Right. But a bank and a depositor are TWO DISTINCT ENTITIES
In the case of SS, both the payor and the payee are the American people; there is no third party (such as the bank, in your analogy,) from whom to collect this "debt". Instead, the only parties obligated to "pay back" the Social Security "trust fund" are the American taxpayer--the self-same workers for whom we are told the benefit will run out (in "only" 30 years! :wtf: )

Do you see how this is a starkly different situation than the one that exists between a bank and a depositor? If not, why not make yourself rich? Just write: "I owe me one zillion-trillion bucks!" Does having this IOU make you rich? No? Why? Because the payor and payee of the note are the same entity! :hi:

"T-Bills are still the most secure."

There are no T-Bills in the so-called "trust fund".
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