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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (220370)2/22/2005 8:49:17 PM
From: TimF  Read Replies (1) of 1573584
 
They owe me the money, period. It's no less a debt than your mortgage or credit card charge

Its not actually "a debt" that is no different than a "mortgage or credit card charge". They didn't borrow it from you, nor do you have an enforceable obligation for them to pay any particular benefit back. An argument could be made for a moral obligation to pay back what they have taken with interest but it wouldn't be much stronger than the argument for the government to pay back other taxes. A stronger argument could be made that you where lied to. Maybe you where but either way its not really relevant to the point you quoted and responded to.

The statement, "the money going to retirees will be paid from income taxes, or other non-SS taxes", is not just true, its simply and obviously true. If the SSA owes it to you, and if it has bonds that the treasury owes it, and if it calls on those bonds to pay what it owes than "the money going to retirees will be paid from income taxes, or other non-SS taxes", where else do you think the treasury gets its money from.

Or are you quibbling over the fact that some of the money will come from social security taxes even after the SS system turns cash flow negative?

Tim
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