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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (466674)3/26/2009 11:03:26 PM
From: i-node  Read Replies (2) of 1575119
 
>> His point is unfunded liabilities, which as you note have nothing to do with the current debt, since we have not incurred the "unfunded" expense yet

Fool. That's the entire concept of an unfunded liability. It is money for which the SSA is already on the hook which they don't have the money to pay.

It is money we already know they're going to owe in the next several years which they are going to have to come up with. $12-15 Trillion.

Where are they going to get it? Print it? So, Obama's going to print $10T to have a big socialist bash, and they're going to have to print another $12-15T to pay off retirees. And of course, they need another $30T to deal with an insolvent Medicare system.

You don't think we might have a little problem with inflation?

You people don't know enough about economics to run a f*cking lemonade stand.
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