A US grass-roots group has kicked off the Billion Byte March, calling itself the first Internet march on Washington. The aim is to send a million emails to Congress in January, on the day of the State of the Union Address. Why? To reform America's social security system. See http://www.march.org
Not bloody likely. Inside the social (in)security fund you will find a big IOU to the tune of many billions of dollars. In fact, to the tune of the entire value of the SS fund. If they end up "saving" social insecurity its most likely that they will stick to the same game as Doritos (paraphrased) "Spend all you like...we'll print more!" To understand why SS has never really been in jeopardy, you must understand the function of a central, fractional-reserve banking system. Since the Fed is a lender of last resort to the government, and since the US federal government is never likely to voluntarily let social (in)security die they will simply print more money. I don't mean literally print more money. I mean the fed government sells bonds to cover the difference. If the bond market won't absorb it, the federal reserve is bound by contract t absorb it. Just some entries in a ledger to them. Just some inflation, hidden taxes and future interest payments to you. jim