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if you like your social security.....
Not quite. The "special bonds" held by the SS trust fund are NOT MARKETABLE like other government bonds. They're not "real debt" until the Treasury has to issue real bonds to cover them. In this instance, the "full faith and credit of the US" is utterly meaningless. There is no obligation to...- zzrider
- Post #31
- Forum: Political Anarchy
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if you like your social security.....
Well... not quite. :) I'm just barely too young to be considered a baby boomer.- zzrider
- Post #30
- Forum: Political Anarchy
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if you like your social security.....
Mike, reread the thread. YOU were the one starting the drift in #18 trying to equate the bupkis unmarketable treasury IOUs in the SS trust fund to US currency. They are NOT the same thing, your mental gymnastics notwithstanding, because the Treasury cannot issue these things directly to...- zzrider
- Post #27
- Forum: Political Anarchy
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if you like your social security.....
Mike, you're wandering off again. This thread is about how SS will soon be unable to pay upcoming benefits because those benefit payment will be larger than the then-incoming revenue stream. Government will then have to either reduce benefits, increase taxes, increase borrowing, or some...- zzrider
- Post #22
- Forum: Political Anarchy
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if you like your social security.....
Mike : creative evasion. I've yet to see anyone attempt to conflate the unmarketable treasury IOUs in the SS "trust fund" with actual US currency in quite that way. Let me illustrate why it's not the same thing, with a question: what happens when SS actually needs to pay benefits out of that...- zzrider
- Post #20
- Forum: Political Anarchy
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if you like your social security.....
Clearly, so is Olsonist. JFC. We've been over this countless times, yet obviously some STILL believe that there is something other than literally worthless IOUs - not investments or actual money - in the SS "trust fund". Wow.... just, wow.- zzrider
- Post #18
- Forum: Political Anarchy
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if you like your social security.....
You can't possibly be this ignorant, can you?- zzrider
- Post #15
- Forum: Political Anarchy
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if you like your social security.....
No way. A Ponzi scheme collapsing? Shocking!- zzrider
- Post #3
- Forum: Political Anarchy
