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Samantha

(9,314 posts)

13. All you say is very true

Reply to BlueStreak (Reply #12)

Wed Dec 19, 2012, 01:53 AM

Dec 2012

And there is also another fact. I saw an interview Geithner gave some time ago saying as the funds in the Social Security Trust Fund are needed now that the Boomer retirement has started, as funds are withdrawn, replacement treasury notes need to be sold. In this economy, Geithner continued, that is not so easy. That, I believe, is a big conundrum. What does one do when the bill is to be paid, and the till has been emptied out? I do not think it is a coincidence that in today's discussion, as the talks continue over the Social Security COLA, whatever is agreed upon will be applied to Federal Government employees' retirement as well. In other words, the number 1 debt holder and number 6 will be hit.

Thank you for posting on my thread.

Sam

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Who or what exactly is the biggest holder of the U.S. Government Debt? [View all] Samantha Dec 2012 OP

WE the PEOPLE! elleng Dec 2012 #1

You are exactly right -- but all we hear is the debt owed by China and other foreign countries Samantha Dec 2012 #6

You're welcome, Sam. elleng Dec 2012 #9

And that tactic relies on a misunderstanding. PETRUS Dec 2012 #21

Thank you for your post Samantha Dec 2012 #28

I was pretty sure that was the answer MiniMe Dec 2012 #2

I just like to make sure everyone knows that Samantha Dec 2012 #7

US citizens hold around 80% of US debt. Social Security is a big holder. nt bluestate10 Dec 2012 #3

Did you add them all up or did you already have this figure? Samantha Dec 2012 #8

US Debt to the penny & who holds it: HiPointDem Dec 2012 #16

Lets face it, we're never going to retire. We will work until we are broken. JaneyVee Dec 2012 #4

It appears that is the plan Samantha Dec 2012 #10

US (us)....borrowed from the SS trust fund. Historic NY Dec 2012 #5

Yes, and the huge babyboomer retirement has started en masse Samantha Dec 2012 #11

And understand that the real "fiscal cliff" BlueStreak Dec 2012 #12

All you say is very true Samantha Dec 2012 #13

Great point. BlueStreak Dec 2012 #19

And one more thing ... BlueStreak Dec 2012 #20

Actually, why worry...they will never ask to collect it. your credit card debt is fine as long as kelliekat44 Dec 2012 #14

I don't know how to categorize debt owned by the Federal reserve when we all know they printed $ dkf Dec 2012 #15

Yes. Basically, for years and years, JDPriestly Dec 2012 #17

I agree with everything you say Samantha Dec 2012 #18

Social Security is not an investment plan FarCenter Dec 2012 #23

No, it is not an investment plan Samantha Dec 2012 #24

Well, that's for the $16 trillion of Treasury debt. There is another $24 trillion government agency FarCenter Dec 2012 #22

I found the budget outlays on page 18 interesting too. JDPriestly Dec 2012 #25

This is a great post Samantha Dec 2012 #27

Could you take a look at this, JDPriestly -- regarding the Post Office Samantha Dec 2012 #29

So you mean ... 1StrongBlackMan Dec 2012 #26

I bet you are surprised, about as much as I Samantha Dec 2012 #30