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Reply #26: We can't "cash in" what we've contributed to the system but we are vested. [View All]

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pa28 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-21-11 10:14 PM
Response to Reply #24
26. We can't "cash in" what we've contributed to the system but we are vested.
Edited on Thu Jul-21-11 10:24 PM by pa28
You are a contributing member of the organization known as Social Security and that organization is owed money in the form of treasury notes by the US government.

It's real money and by making the surplus perpetual instead of spending it down as was originally intended we effectively allow a back-door default. We'll have to pay for that default ourselves in the form of cuts which effectively doubles the burden.
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