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Politics : Don't Blame Me, I Voted For Kerry

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To: JakeStraw who wrote (4795)3/2/2004 5:23:55 PM
From: Steve DietrichRead Replies (1) of 81568
 
There's nothing wrong with borrowing the SS surplus. The Govt. borrows tons of money all the time from many sources.

The sin, the thievery, is saying SS is in trouble if they expect the federal govt. to pay them back. Where's the full faith and good credit of the US govt.?

SS is only 1.8 trillion out of our $7 trillion debt. What if we told the holders of the rest of our debt that they were in financial trouble when they wanted to redeem their notes because, "that money isn't really there," we didn't put it in a box, we spent it?

Surely the holders of our debt don't expect us to raise taxes or cut spending just to pay them back, do they?

Steve Dietrich
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