dflprincess
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Wed Aug-25-10 09:35 PM
Response to Reply #2 |
| 6. It's not a Ponzi scheme - in the 80s the Boomers started making payments |
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to cover not just their parents' retirement but their own as well.
Social Security is self funded and has enough to remain solvent for 24 years. It is neither a part of nor cause of the deficit. If the Feds used the money to fund wars & tax cuts they need to find a way to make the payments. Perhaps not continuing to waste money in Iraq and Afhganistan would be a good place to start.
Olbermann had a very good explanation of all this on Countdown this evening and why SS should not even be a topic of discussion for the Catfood Commission.
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| -Does anyone actually believe there is an account with trillions for Social Security in it? |
madville |
Aug-25-10 09:20 PM |
#0 |
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there are Treasury Bills (IOU's) that the elite want to default on |
ShamelessHussy |
Aug-25-10 09:21 PM |
#1 |
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Yep. Treasury bills, the safest investment on earth. |
MannyGoldstein |
Aug-25-10 09:54 PM |
#16 |
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Yes, they stole it "fair and square" and they dn't want to give it back. |
SharonAnn |
Aug-25-10 09:55 PM |
#17 |
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Nope, I believe it has been raided or it never existed to start with... |
Subdivisions |
Aug-25-10 09:25 PM |
#2 |
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it was there, since they have been taking that money out everyone of our checks for decades |
ShamelessHussy |
Aug-25-10 09:28 PM |
#3 |
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Your flag is irritating. Takes up too much space. |
DURHAM D |
Aug-25-10 09:34 PM |
#5 |
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you said it |
ShamelessHussy |
Aug-25-10 09:35 PM |
#7 |
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It's not a Ponzi scheme - in the 80s the Boomers started making payments |
dflprincess |
Aug-25-10 09:35 PM |
#6 |
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Why they want to gut it : Willie Sutton robbed banks "Because that's where the money is." |
SharonAnn |
Aug-25-10 09:59 PM |
#22 |
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And if they cut other things - say the defense budget - |
dflprincess |
Aug-25-10 10:03 PM |
#24 |
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There's the full faith of the faithless son's of bitches running the show for the last |
John Q. Citizen |
Aug-25-10 09:31 PM |
#4 |
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It's a book entry, just like your deposit account, investment account, CD's, bonds, etc. |
snot |
Aug-25-10 09:47 PM |
#8 |
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Exactly |
customerserviceguy |
Aug-25-10 09:51 PM |
#12 |
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+100. |
Hannah Bell |
Aug-25-10 09:59 PM |
#23 |
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Some here do |
customerserviceguy |
Aug-25-10 09:48 PM |
#9 |
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"meaningful spending cuts in nonmilitary spending" are you joking? |
ShamelessHussy |
Aug-25-10 10:09 PM |
#29 |
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I don't have faith |
customerserviceguy |
Aug-25-10 10:16 PM |
#34 |
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have faith that they will do whatever it takes to keep the money flowing to the elite |
ShamelessHussy |
Aug-25-10 10:26 PM |
#41 |
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It isn't a "Ponzi Scheme" at all -- that is a RW meme |
LostinVA |
Aug-25-10 09:49 PM |
#10 |
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I believe that |
customerserviceguy |
Aug-25-10 09:52 PM |
#13 |
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My understanding of a ponzi scheme |
Yupster |
Aug-25-10 09:56 PM |
#19 |
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if so, then all taxes or transfers of income are ponzi schemes. |
Hannah Bell |
Aug-25-10 10:05 PM |
#26 |
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It's worse than a ponzi scheme it's downright Socialism. |
Skink |
Aug-25-10 09:57 PM |
#20 |
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Unrec because the OP is a RW meme for dismantling Social Security |
LostinVA |
Aug-25-10 09:50 PM |
#11 |
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Tell me where the OP is advocating the dismantling of SS |
customerserviceguy |
Aug-25-10 09:53 PM |
#14 |
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He's clearly wrong on the IOUs |
MannyGoldstein |
Aug-25-10 10:03 PM |
#25 |
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They;re not Treasury Bills |
customerserviceguy |
Aug-25-10 10:06 PM |
#27 |
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Then what about the Federal Pension Trust Fund? |
Lasher |
Aug-25-10 10:15 PM |
#33 |
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The Federal government can always meet its obligations |
customerserviceguy |
Aug-25-10 10:22 PM |
#37 |
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It's a constant "money in, money out" arrangement |
Canuckistanian |
Aug-25-10 09:54 PM |
#15 |
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those who call SS a ponzi scheme don't know what a ponzi scheme is, or don't know how |
Hannah Bell |
Aug-25-10 09:56 PM |
#18 |
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Social Security is "pay as you go" |
customerserviceguy |
Aug-25-10 10:10 PM |
#30 |
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When I ride the bus, it's "pay as you go" |
Lasher |
Aug-25-10 10:21 PM |
#36 |
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Your analogy would make sense |
customerserviceguy |
Aug-25-10 10:24 PM |
#38 |
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Yes. Even during the Great Depression the government honored ALL treasury notes. |
Better Believe It |
Aug-25-10 09:58 PM |
#21 |
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In a deflationary economy, that works |
customerserviceguy |
Aug-25-10 10:11 PM |
#31 |
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Yes we do. I own treasuries myself and I consider it savings. |
pa28 |
Aug-25-10 10:08 PM |
#28 |
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WARS cost BIG MONEY. |
Mimosa |
Aug-25-10 10:12 PM |
#32 |
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What there is is $2.5 trillion in government bonds - - The government borrowed the payroll & self- |
Faryn Balyncd |
Aug-25-10 10:18 PM |
#35 |
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There is an account actually |
nadinbrzezinski |
Aug-25-10 10:25 PM |
#39 |
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Do you think the Social Security surplus should have just.... |
SDuderstadt |
Aug-25-10 10:26 PM |
#40 |
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Locked |
NRaleighLiberal |
Aug-25-10 10:27 PM |
#42 |
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