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Reply #24: It isn't (and never was) an unsecured loan. SS holds Treasury bonds. [View All]

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Home » Discuss » General Discussion: Presidency Donate to DU
DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-13-11 10:13 PM
Response to Reply #22
24. It isn't (and never was) an unsecured loan. SS holds Treasury bonds.
They seem to think they can default on the debt to SS without consequence. Saying the program is broke(n) is an outright lie, but a useful lie to those who would like to erase $2.7 trillion from the debt - on our backs.

We need to convince them otherwise.
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  -Would you trade Social Security reform for Higher taxes for the rich? LeftyAndProud60  Feb-13-11 05:27 PM   #0 
  - don't think so - but guess it depends on what "reform" entails  DrDan   Feb-13-11 05:46 PM   #1 
  - No. If I'm starving on the street, what do I care if they're paying more?  SharonAnn   Feb-15-11 09:17 AM   #35 
  - Why?  demwing   Feb-13-11 05:46 PM   #2 
  - No. (nt)  w4rma   Feb-13-11 05:46 PM   #3 
  - Raising the cap = social security reform that raises taxes on the rich.  phleshdef   Feb-13-11 05:47 PM   #4 
  - I am sick and tired of trade-offs.  Curmudgeoness   Feb-13-11 05:50 PM   #5 
  - No cuts in Social Security! We paid in....  rfranklin   Feb-13-11 05:50 PM   #6 
  - +1 We never asked Congress to borrow against OUR SS to fund the wealthy.  DCKit   Feb-13-11 09:00 PM   #20 
     - We never called them on it when they did it, either  customerserviceguy   Feb-13-11 09:49 PM   #22 
        - It isn't (and never was) an unsecured loan. SS holds Treasury bonds.  DCKit   Feb-13-11 10:13 PM   #24 
           - Those are not Treasury bonds in the usual sense of the term  customerserviceguy   Feb-13-11 10:29 PM   #25 
              - Is there a point to your questioning? How is this a worthy argument?  DCKit   Feb-14-11 08:04 AM   #29 
                 - Yes, there is a point  customerserviceguy   Feb-14-11 06:25 PM   #31 
  - false choice when we can have both despite obama and the republicrats. nt  msongs   Feb-13-11 05:54 PM   #7 
  - in the mildest terms: fuck that shit.  Warren Stupidity   Feb-13-11 06:00 PM   #8 
  - Who would benefit from these Higher Taxes ...  GeorgeGist   Feb-13-11 06:01 PM   #9 
  - 'TRADE?' Depends. S.S. reform should = raising/eliminating the cap  elleng   Feb-13-11 06:06 PM   #10 
  - Why would we need to do that?  liberal N proud   Feb-13-11 06:13 PM   #11 
  - I can say 'no' - but what difference does it make?  xchrom   Feb-13-11 06:18 PM   #12 
  - Higher taxes for the rich? Don't make me laugh. They will never pay high taxes friend.  MichiganVote   Feb-13-11 06:24 PM   #13 
  - Any trade-off before long will be back to the same old same old  shraby   Feb-13-11 07:02 PM   #14 
  - No  OHdem10   Feb-13-11 07:15 PM   #15 
  - Deleted message  Name removed   Feb-13-11 07:42 PM   #16 
  - shut up. That feels better. NT  LeftyAndProud60   Feb-13-11 07:47 PM   #17 
     - Shut up?  Caretha   Feb-13-11 08:09 PM   #18 
  - Hell no, these people we have in power  Autumn   Feb-13-11 08:51 PM   #19 
  - Don't have to trade. Just raise the taxes on the rich bastards and  ladjf   Feb-13-11 09:00 PM   #21 
  - Nobody's elderly mom should have to negotiate with a billionaire for her food money. nt  woo me with science   Feb-13-11 10:12 PM   #23 
  - Tired of negotiating with thieves. nt  woo me with science   Feb-14-11 07:08 AM   #26 
  - If the reform made sense. Lowering the age makes sense,  Vinca   Feb-14-11 07:30 AM   #27 
  - Social Security doesn't need reform.  GoCubsGo   Feb-14-11 07:56 AM   #28 
  - The question is absurd IMO...  ljm2002   Feb-14-11 01:20 PM   #30 
  - Why should they have to be traded?  Cherchez la Femme   Feb-14-11 06:48 PM   #32 
  - YES< but i wont trade UI for it.  mkultra   Feb-15-11 08:29 AM   #33 
  - No. n/t  kiva   Feb-15-11 08:53 AM   #34 
  - One has nothing to do with the other  bhikkhu   Feb-15-11 10:17 AM   #36 
 

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