Fire of Liberty
Michael Tanner of the Cato Institute wrote a wonderful Op/Ed on the need of SS reform in the February 1, 2005 issue of USA Today. I really enjoyed this line:
"Bill Clinton's fiscal year 2000 budget explained that trust fund assets are not "real economic assets that can be drawn down in the future to fund benefits." Rather, these funds are "claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures."
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