>>>>"Still looking at form, rather than substance, this system has the further political advantage that the securities held by the Social Security system are not counted as part of the national debt, because it is one government agency owing money to another. What that means is that, when the government spends more money than it receives in taxes which it is still doing, despite the official budget "surplus"it spends money from FICA to cover the difference and gives the Social Security trust fund an IOU that does not count as an IOU in figuring the annual deficit or the accumulated national debt."
An opinion from somebody who has no idea that the obligation to the SS Trust Fund IS INCLUDED IN THE NATIONAL DEBT is not very useful, IMHO. Maybe he ought to read up on how the current system really works BEFORE criticizing it.
