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View Diary: Social Security: whose piggy bank is it? (75 comments)

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  •  One other pt: Wall Street ALREADY HAS the $2.7T (2+ / 0-)
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    simple serf, musiccitymollie

    surplus.  It isn't cash in a buried vault, it has been redistributed as income tax reductions.  $2.7T in social security surplus = $2.7T in income tax reductions.  Wall Street already has the surplus.  They don't want to give it back.  They want a perpetual surplus that grows forever and ever and is NEVER redeemed.

    That is also part of the joke of 'privatization'.  The surplus is already privatized, except the recipients of the surplus get to keep their gains and only owe 2% in interest back to the general fund.  The point of privatization is to turn the 2% into 0% into a loss....

    To any wingnut: If you pay my taxes I'll give you a job.

    by ban48 on Sun Feb 03, 2013 at 12:32:31 PM PST

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