View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Smith who wrote (155189)	1/29/2011 8:10:40 AM
From: Mary Cluney	Read Replies (2) of 541836

<<<The social security assets are IOUs from the Federal government - the cash itself has already been spent. It is like me spending all my 401K money while promising to pay it back to myself later and then telling everybody that I had a large 401K account balance -- the balance is comprised of an IOU to myself.>>> We are not a banana republic. We have debt on our national balance sheet but our assets by any measure (GAAP, etc) are far greater than our liabilities. Like any Corporation we face from time to time cash flow situations. We are in that kind of situation right now. Just like a Corporation, we can just cut all expenses, lay off workers, and stop all investments. Our debt will go away. If you know anything about business you will know that if any business behaved that way they will go out of business. In order for our country to survive, our government has to have a role. They have a job to do. They have to manage the business of our government. They have to know how to govern. In the same way that a business succeeds so it goes for government. For a government to succeed they have to find the best people possible to be in government. Our country will be a banana republic if we allow uneducated. (people not interested in education), people not interested in managing public policies, and angry people (untreated alcoholics as an example) to take over our government. The money loaned out from the SS Trust is like any other loan. The money has to be repaid. Government has to insure that all loans have to be paid and the trustees of the SS trust fund should make sure that the loans are repaid with interest (but interest is a totally different subject - let's not get off on that - for now.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next