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Reply #50: The problem isn't that they'll default. [View All]

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Igel Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-22-04 09:11 PM
Response to Reply #49
50. The problem isn't that they'll default.
But that means general revenues have to replace the bonds. This is at the same time that medicaid/-care costs will be increasing for the wave of 65+ people.

Krugman's being a bit disingenuous: the tax increase he wants assumes that redeeming trust-fund bonds will be painless. I don't think it will be (but also haven't even tried to crunch the numbers--a lot of it depends on what you base your projections on).
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  -Poll: Social Security is in deep trouble thoughtanarchist  Dec-22-04 01:49 PM   #0 
  - Social security will..  shoelace414   Dec-22-04 01:50 PM   #1 
  - Please don't spread the virus  dpibel   Dec-22-04 08:54 PM   #48 
  - Consider the source... (nt)  MaineDem   Dec-22-04 01:50 PM   #2 
  - The BushCo propaganda is working all too well.  mcscajun   Dec-22-04 01:51 PM   #3 
  - "Social Security is in deep trouble & Kerry can't protect you from TERRA"  Bush_Eats_Beef   Dec-22-04 03:02 PM   #32 
  - A large majority of US residents.....  Viva_La_Revolution   Dec-22-04 01:51 PM   #4 
  - just what bushco wants us to think we think.  truthisfreedom   Dec-22-04 01:52 PM   #5 
  - and he's been planning this  shanti   Dec-22-04 01:58 PM   # 
  - Again people show their ignorance  tinymontgomery   Dec-22-04 01:52 PM   #6 
  - And that Saddam was involved with 9/11  4MoreYearsOfHell   Dec-22-04 01:53 PM   #7 
  - a large number of americans think...  gpandas   Dec-22-04 01:56 PM   #8 
  - gpandas, you are a kind person  4MoreYearsOfHell   Dec-22-04 01:59 PM   #10 
  - The Bushinistas sure have brainwashing  mtnester   Dec-22-04 01:58 PM   #9 
  - Reality and perception are two different things.  Sentinel Chicken   Dec-22-04 01:59 PM   #11 
  - the media blitz begins early...  thoughtanarchist   Dec-22-04 01:59 PM   #12 
  - this is not new info.  txaslftist   Dec-22-04 02:03 PM   #13 
  - Your yellow dog logo isn't fooling anyone nt  hatrack   Dec-22-04 02:07 PM   #14 
     - missed my point...  txaslftist   Dec-22-04 02:19 PM   #17 
  - Social Security DOES Work  sportndandy   Dec-22-04 02:10 PM   #15 
  - I don't think I would just look at admin costs.  toopers   Dec-22-04 02:28 PM   #23 
     - You're perpetuating the same myth the Repugs are pushing.  kostya   Dec-22-04 02:57 PM   #31 
        - It's a real philosophical difference...  Been Fishing   Dec-22-04 07:16 PM   #44 
  - Social security will be a problem but I disagree with Bush Co soln.  dmordue   Dec-22-04 02:12 PM   #16 
  - Not so  dpibel   Dec-22-04 09:01 PM   #49 
     - The problem isn't that they'll default.  igil   Dec-22-04 09:11 PM   #50 
  - Your social security is just fine  arikara   Dec-22-04 02:20 PM   #18 
  - Yes  Massachusetts   Dec-22-04 04:32 PM   #43 
  - I find it amusing because its the government that is running it into....  Historic NY   Dec-22-04 02:20 PM   #19 
  - Because Bush is planning on fucking with it  killbotfactory   Dec-22-04 02:25 PM   #20 
  - Bush will "fix" Social Security like he "fixed" Iraq...  KansDem   Dec-22-04 02:38 PM   #29 
  - You can convince US majorities of anything. Anything.  Voltaire99   Dec-22-04 02:27 PM   #21 
  - Moonie Times  Walt Starr   Dec-22-04 02:27 PM   #22 
  - may be but they just bought Slate magazine from MS......n/t  Historic NY   Dec-22-04 02:35 PM   #26 
     - So now there's a Moonie Mag  Walt Starr   Dec-22-04 02:37 PM   #27 
     - Slate is being bought by the Washington Post, not the Moonie Times.  DieboldMustDie   Dec-22-04 03:07 PM   #34 
        - Oops got them mixed up..........n/t  Historic NY   Dec-22-04 03:31 PM   #40 
  - Of course it is in trouble... look at who is trying to "save it"  LiberalFighter   Dec-22-04 02:29 PM   #24 
  - It's in trouble now that Bush has his hands on it n/t  Banazir   Dec-22-04 02:32 PM   #25 
  - Joseph Goebbels would be so proud  Sandpiper   Dec-22-04 02:37 PM   #28 
  - They are right. It's in DEEP trouble. Bush is trying to kill it. n/t  denverbill   Dec-22-04 02:51 PM   #30 
  - 10 talking pts: here the rebuttal: use these  chomskysright   Dec-22-04 07:36 PM   #46 
  - bullshit  Triana   Dec-22-04 03:03 PM   #33 
  - self delete  bunkerbuster1   Dec-22-04 03:08 PM   #35 
  - The text of your message cites the Washing Post...  DieboldMustDie   Dec-22-04 03:09 PM   #36 
  - Don't by *'s BS  Chef   Dec-22-04 03:10 PM   #37 
  - We either fight this shit now, or kiss Social Security goodbye.  Kimber Scott   Dec-22-04 03:24 PM   #38 
  - Does this mean that * 's media blitz has begun?  thecrow   Dec-22-04 03:31 PM   #39 
  - SS Is in Trouble ONLY Because Bush Is Gunning for It  Amigust   Dec-22-04 03:59 PM   #41 
  - SS is in trouble? we should all be in such dire financial straights.  stevebreeze   Dec-22-04 04:26 PM   #42 
  - WRONG : its in no trouble: 10 talking pts  chomskysright   Dec-22-04 07:35 PM   #45 
  - josh marshall has been hitting on this topic a lot lately  leQ   Dec-22-04 07:51 PM   #47 

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