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Reply #10: and where will the US Treasury get the CASH to pay it back [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
googly Donating Member (801 posts) Send PM | Profile | Ignore Thu Feb-10-05 09:59 PM
Response to Reply #8
10. and where will the US Treasury get the CASH to pay it back
if it has already forwarded the 2 Trillion to the federal
spending side for many decades? The money has been SPENT.
All the SSA has is a whole bunch of bonds in other words IOU's.

If that was not the case, the 2 Trillion would go a long way
in paying the projected deficit from baby bomers retiring.
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