tag:blogger.com,1999:blog-8746692.post110993928511409574..comments2024-03-19T11:28:58.168-04:00Comments on History Unfolding: The Back Door Flat TaxDavid Kaiserhttp://www.blogger.com/profile/05020082243968071584noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8746692.post-1110330959670057602005-03-08T20:15:00.001-05:002005-03-08T20:15:00.001-05:00"While the Trust Fund is, as I pointed out before..."While the Trust Fund is, as I pointed out before, a real asset protected by the US Constitution,..."<br /><br />The Trust fund consists of U.S. Bonds that are not the equal of those you and I buy and trade as the latter have a legal claim upon the U.S. Treasury and the former have a "full faith and credit" claim that can be changed by an Act of Congress.<br /><br />Also, the U.S. Constitution has become more and more protean with the passage of time. Five judges could find in the future that "full faith and credit" has a new meaning in light of "International Standards", penumbras, et al.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8746692.post-1110330906546672402005-03-08T20:15:00.000-05:002005-03-08T20:15:00.000-05:00"While the Trust Fund is, as I pointed out before..."While the Trust Fund is, as I pointed out before, a real asset protected by the US Constitution,..."<br /><br />The Trust fund consists of U.S. Bonds that are not the equal of those you and I buy and trade as the latter have a legal claim upon the U.S. Treasury and the former have a "full faith and credit" claim that can be changed by an Act of Congress.<br /><br />Also, the U.S. Constitution has become more and more protean with the passage of time. Five judges could find in the future that "full faith and credit" has a new meaning in light of "International Standards", penubras, et al.Anonymousnoreply@blogger.com