Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

FogerRox

(13,211 posts)

14. Your talking about a hypthetical thats never occurred, and since in the US we have fiat money, yes

Reply to joeglow3 (Reply #13)

Wed Feb 27, 2013, 11:42 PM

Feb 2013

we can print lots of money.

Thanks for cvhanging the subject, I will now return you to the subject at hand:

When the Special Treasuries are due, we sell bonds, private money buys them, and the money is used to pay off the Special Treasuries, and said money enters the money supply after being paid to seniors, they spend it, where it becomes private money again.

Edit history

Please sign in to view edit histories.

24 replies

= new reply since forum marked as read

Highlight:

One more time, SS is good thru 2090. The only fix 4 SS is jobs creation and raising the Min Wage [View all] FogerRox Feb 2013 OP

2090???? pipi_k Feb 2013 #1

Well until you are in charge of the Trustee estimates your theories don't make a difference. dkf Feb 2013 #2

The SS trustees in their low cost scenario, say SS is good thru 2090. FogerRox Feb 2013 #3

and the low-cost scenario has been most accurate, actually. HiPointDem Feb 2013 #16

In many areas like civilian workforce, the growth is slowing FogerRox Feb 2013 #21

You are still peddling Cato Institute lies that have been around for over 30 years duffyduff Feb 2013 #4

LOL. yeah I know FogerRox Feb 2013 #5

So, if I loan myself my 401(k) funds, replace it with IOU's to myself and piss the money away, joeglow3 Feb 2013 #6

please insert Special US Treasuries in that formula. FogerRox Feb 2013 #7

That appear from thin air, devalue the shit out of the dollar and render the payments worthless joeglow3 Feb 2013 #9

Or just issue new bonds like we do now FogerRox Feb 2013 #10

And how do those bonds get paid off? joeglow3 Feb 2013 #13

Your talking about a hypthetical thats never occurred, and since in the US we have fiat money, yes FogerRox Feb 2013 #14

And this is based on the premise there is unlimited money to invest in bonds joeglow3 Feb 2013 #18

gee, and you're not this mad about the bankster bailout? because they created wayyyyy more HiPointDem Feb 2013 #17

How do you know I am not equally mad joeglow3 Feb 2013 #19

Great point, excellent rational FogerRox Feb 2013 #22

kickin FogerRox Feb 2013 #8

K & R freshwest Feb 2013 #11

Thank you. FogerRox Feb 2013 #12

There are some things I would like to do to SS. Sirveri Feb 2013 #15

None of these proposals are as extreme as eliminating the cap FogerRox Feb 2013 #20

Those are all from the Simpsons Bowells plan Sirveri Mar 2013 #23

LOL, it is. FogerRox Mar 2013 #24