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if you like your social security.....
Only if you believe that the monies paid into SS is embodied in the treasury securities held in the SS trust fund. It is not, the reality is that the money received for SS is spent on other things.- Dog
- Post #46
- Forum: Political Anarchy
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if you like your social security.....
It's not that complicated... issuing treasury securities to SS is a contract between ourselves on the one hand and ourselves on the other hand.- Dog
- Post #35
- Forum: Political Anarchy
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if you like your social security.....
A treasury security sold to some entity other than the government is a asset backed by the full faith of the U.S. government. A treasury security sold to another government entity is worthless because the government is both the bond holder and the bond issuer, both entitled to the payoff and...- Dog
- Post #33
- Forum: Political Anarchy
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if you like your social security.....
There is no social security trust fund. The money has been spent and that $2.7 trillion positive balance is an IOU we wrote to ourselves.- Dog
- Post #13
- Forum: Political Anarchy
