Re: Misquoting Henry Aaron
- Date: Wed, 12 May 1999 11:51:06 -0400 (EDT)
- From: Don Hutchison <don@cboss.com>
- Subject: Re: Misquoting Henry Aaron
Hank was correct in that all $'s to the unfunded liability is a
100% liability to the taxpayer (TP). I was correct and did not
misquote Hank. Steve, you were correct in verifying that Hank meant
what he said about the loss to current workers to the unfunded
liability. So what else have we had for 65 years but unfunded
liability? If there has been anything else, please tell me how,
where, when. The billions in annual interest we pay on our own
money which is not even there, are credited to the SSTF in bonds,
compounding our TP debt. Therefore, our loss is more than 100%.
Our loss is Congress' gain. Their assets. Their trust fund. Invested
in the most safe of all investments: the ability of the IRS to get
it from us again, later. If I am wrong, please be logical and let
me know. I want to solve this serious problem.
Don