Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

We probably needed a lock box in '83.

The Al Gore "lock box" thing was something I took as evidence for his .... well ... stupidity.

Yeah, but putting FRNs in a box for the last 38 years would have been more of a store of wealth than putting it in IOUs from the general fund to SS. Even with inflation.

I disagree, at least the Treasuries have generated some interest.

The lock box notion was idiotic twaddle.

I said store of "wealth", not a store of promises.

If you have a box full of FRNs, you have no claims on anyone to be able to spend them. If you have a box full of T-Bills, your claim to spend them is on the American taxpayer or the Treasury to print money in order to redeem them for spending. 

That's not saying they're risky. Even if we can't raise the taxes, our government can just print their way out since the T-Bills are in the currency they can print. Just saying that they represent future promises instead of actual hard assets.

The lock box was insane and stupid.

Now I'm pretty libertarian on drugs generally.  If you played in the NFL and made a bunch of cash and now you want to spend your cash sitting around getting high all day well I don't really care.  My view changes a LOT when you start asking me to pay for your drugs.  IMHO, this simply should not be allowed.  Drug and alcohol addicts should be told to get a job not given cash. 
  

BINGO,young women have too many kids - welfare,this is total horse shit.Along with uber rich and and Corporate wonks getting tax breaks and movings HQs and accounts out of the country to avoid taxes.While making all their coin off the still incredible economy

No we did not, and that's Medina's point.

We "invested" the "surplus" in a "trust fund", which all sounds like good things.

Until you realize that Congress spent the money and replaced it with T-Bills which are only paid back based on the full faith and credit of the federal government [and the future taxes of next-generation suckers income earners].

There's no money in the Trust Fund. Only promises. Promises from our left pocket (income tax payers or the Treasury printing money) to our right pocket (social security / medicare recipients).

Damn - U guys doing homework,I know what's going on I just don't delve into the details - it just really,really pisses me off more.I want to know what happened to the assholes in congress I know Finestein was one of them who dumped their stocks(illegal/immoral as hell) last January when they knew ahead of time there was a shutdown coming.It's crap like that that would have gotten these shit stains's dragged out and executed in Russia/China/Singapore/Middle East as well they should

Why do you rob banks?

It's where the money is.

Ah,Slick Willie Sutton