Re: Projections in the State of the Union address

Eliezer S. Yudkowsky (
Fri, 22 Jan 1999 14:24:30 -0600

The "Social Security trust fund" is bullshit. The government is required by law to invest the money in Treasury bonds. In other words, the government loans Social Security income to itself and spends it. There ain't nothing in the trust fund but a little note reading "I.O.U.
$30 trillion - the Feds".

--          Eliezer S. Yudkowsky

Disclaimer:  Unless otherwise specified, I'm not telling you
everything I think I know.