I e-mailed my pals at the San Jose Mercury, San Mateo County Times or whatever they are calling themselves this week.
On the odd chance that they don't run my message, or edit it extensively, here is the original, with an added footnote.
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15 October 2010
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¹Additional consideration of Social Security myths "Social Security is totally solvent," Speier has said, explaining that currently the Social Security Trust Fund has reserves of $2.6 trillion, which continue to earn interest and can pay out benefits in full until 2037. Source of remark: Mercury News
According to the Social Security Web site: "Far from being 'worthless IOUs,' the investments held by the trust funds are backed by the full faith and credit of the U. S. Government. The government has always repaid Social Security, with interest. The special-issue securities are, therefore, just as safe as U.S. Savings Bonds or other financial instruments of the Federal government."
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