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2016 Postmortem
In reply to the discussion: Social Security adds to the debt... [View all]Warren Stupidity
(48,181 posts)10. If the trust fund is a fiction then so are t-bills.
Trust fund obligations are already accounted for as part of the national debt. Adding payout of those obligations again would be double booking that debt.
It really doesn't matter much if the government finances its annual deficit through public t-bills sold on the market or intra government debt such as the FICA surplus, the net result is a long term debt obligation that is paid back over time with interest.
Right wingers have wet dreams over zeroing out the trust fund obligations. They can go fuck themselves.
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Raising the retirement age is austerity bullshit, it is a cut in benefits.
Warren Stupidity
Nov 2012
#12
The income disparity needs to be readjusted so the rich aren't hogging all the income for themselves
LiberalFighter
Nov 2012
#22
show them the reagan clip "SS does not add to the deficit) - its on DU somewhere nt
msongs
Nov 2012
#13
Remove cap, apply tax to capital gains, problems solved. 5 minutes if Congress were functional.
Scuba
Nov 2012
#20
Bullshit. The initial benefits calculation already benefits those of lower income
eridani
Nov 2012
#34
Kind of hard when their grasp of english is so poor you can't understand them. - and never a link!
AAO
Nov 2012
#26
It isn't quite net zero as the govt. will pay interest on the money it borrows...
Kaleva
Nov 2012
#36