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Oh, For Argument's Sake ... another AIM chat with Ommie -- mucho fun
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[QUOTE]Originally posted by Jay the Obscure: [QB] In our next episode of [b]The Conservatism of the Criminally Insane Show[/b] we have this to deal with: [QUOTE] C) You have yet to show that there is a trust fund. You showed that there's something refered to as a trust fund refered to in a law related to Social Security, but you did not show that there was any money therein, and thus a fund.[/QUOTE] Social Security Act, Title II, SEC. 201. [42 U.S.C. 401] [QUOTE](a) There is hereby created on the books of the Treasury of the United States a trust fund to be known as the "Federal Old-Age and Survivors Insurance Trust Fund". The Federal Old-Age and Survivors Insurance Trust Fund shall consist of the securities held by the Secretary of the Treasury for the Old-Age Reserve Account and the amount standing to the credit of the Old-Age Reserve Account on the books of the Treasury on January 1, 1940, which securities and amount the Secretary of the Treasury is authorized and directed to transfer to the Federal Old-Age and Survivors Insurance Trust Fund, and, in addition, such gifts and bequests as may be made as provided in subsection (i)(1), and such amounts as may be appropriated to, or deposited in, the Federal Old-Age and Survivors Insurance Trust Fund as hereinafter provided.[/QUOTE] Reactionary Boy, star of [b]The Conservatism of the Criminally Insane Show[/b] likes to have others do the research because he can't be bothered. Rumor has it that he hates being bothered to look this up when he can just post things that just aren't true. It's so much easier. Conservatism doesn't need to be bogged down by all those weighty facts. Want to see how money is allocated to the Trust Fund by law without doing the research for yourself? Good, then you have come to the right place. Go [URL=http://www.ssa.gov/OP_Home/ssact/title02/0201.htm]here[/URL] And in the next episode of [b]The Conservatism of the Criminally Insane Show[/b], we deal with "National Debt: Yes It Really Is As Bad As A Bad Hair Day. Maybe Even Worse." [/QB][/QUOTE]
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