What about those borrowed funds?

12/05/2011 7:24 PM

12/05/2011 7:25 PM

Amy Ridenour has nicely enumerated the similarities between Social Security and a Ponzi scheme (Nov. 27, Page A-11). I didn't notice any mention of the government spending the FICA money and replacing it in the Social Security trust fund with IOU bonds.

IRA BAILIE
Denair

Editor's Choice Videos

Join the Discussion

The Modesto Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service