Is it time to select a Minority Leader & House Whip that will vigorously DEFEND Social Security?

[customerserviceguy]

12. Remember my option number 2 above?

Where fully negotiable securities are issued to replace previous obligations? That's how we presently deal with the debts we owe to China, Japan, and the other investors. We just keep on refinacing the mortgage, because we still can. If the Federal government had put regular T-bills and notes into the Trust Fund, I'd be a bit less worried about it.

But those IOU's (as Bernie Sanders even called them) are not tradeable on the open market, only Congress can decide to redeem them. I don't see that happening with the budget deficits that we're going to run for the rest of this decade.

No, I don't see taxes continuing at the current low levels, in fact, the fiscal cliff means they can finally rise to what they were under the Clinton Administration, where we did have budgets in surplus. The only thing is, it takes more than just tax money to make a surplus, it takes having spending be less than those taxes in a given year. With the retirement of the baby boomers, and the replacement of well-paying careers with McJobs, I don't see that happening any time soon.

We're all out of clever tricks to keep from facing the future.