[Info-vax] HP stopping VMS paper documentation ?

[George Cook]

In article <28187830.863.1323362221431.JavaMail.geo-discussion-forums at pril5>, Kenneth Fairfield <ken.fairfield at gmail.com> writes:
> On Thursday, December 8, 2011 6:25:27 AM UTC-8, Bob Koehler wrote:
>> In article <jbn3ma$lt5$1... at online.de>, hel... at astro.multiCLOTHESvax.de (Phillip Helbig---undress to reply) writes:
>> > 
>> > No, I think it's possible, it's just that I wouldn't call the US a
>> > socialist country, as some people (some who are opposed to Obama, say) 
>> > do in exaggeration.
>> 
>>    The we agree on.  To me, the US is not a socialist country, the US
>>    government is not a socialist government.  But Social Security is a
>>    socialist program.
> 
> No, Social Security is an *insurance* program: you pay into
> over your working lifetime, and you draw out of once you
> reach the age for which your cohort qualifies.  (Also note
> that Social Security is entirely self-sufficient in that
> SSI taxes, and only SSI taxes, fund it.  For deficit hawks,
> SSI contributes $0.00 to the US debt.  In fact, the SSI
> Trust Fund loans money *to* the US govt...and only to the
> US govt...by investing in US Treasury Bonds, which is 
> mandated by law.)

No longer true.  From the Washington Post on 10/29/11:

"Now, Social Security is sucking money out of the Treasury. This year,
it will add a projected $46 billion to the nations budget problems,
according to projections by system trustees. Replacing cash lost to
a one-year payroll tax holiday will require an additional $105
billion. If the payroll tax break is expanded next year, as President
Obama has proposed, Social Security will need an extra $267 billion
to pay promised benefits."

This means SSI has started redeeming bonds instead of issueing
them.  Each bond redeemed is paid out of the general fund.  In
other words, SSI is now directly adding to the deficit and debt.
Now that the feds can no longer borrow cheap money from SSI, the
US must borrow even more money from China.  We are now borrowing
money to pay back borrowed money


George Cook