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Reply #36: You are correct BlueInRed, googly and I appear to agree that Trust selling [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-11-05 05:54 AM
Response to Reply #11
36. You are correct BlueInRed, googly and I appear to agree that Trust selling
Edited on Fri Feb-11-05 05:55 AM by papau
the bonds on the open market - Japan and China seem unable to stop themselves from buying US Gov Bonds - and using the money to buy typical non-gov but secure equities and bonds is the way to go to stop this rather stupid GOP claim that there is no money in the Trust.

What there is today is a class called "rich" that has had the government borrow from the Trust so that the government could give them the Bush tax cut for the rich (replacing the monies no longer collected from the rich with the monies borrowed from the Trust), and now that class called rich is worried that they have to pay that money back - as in a tax increase on the rich for when the bonds come due.

Let that class called rich explain to the folks in Japan that they do not want to pay back the money, rather than letting them screw the aged.
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