Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: H-Man who wrote (80929)	3/25/2010 12:17:52 PM
From: TimF	1 Recommendation Read Replies (1) of 224729

About $2.5 trillion is owed to Social Security. Good luck to the politician who reneges on that debt, said Barbara Kennelly, a former Democratic congresswoman from Connecticut who is now president of the National Committee to Preserve Social Security and Medicare. "Those bonds are protected by the full faith and credit of the United States of America," Not the bonds owned by the SSA. They are government loans to itself, as the creditor and the debtor it could cancel them, or arbitrarily decide they where 50 times as large. Basically the whole SS trust fund idea is meaningless. SS spending is spending like any other spending, and SS taxes are just another way government funds spending.

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