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Politics : Mainstream Politics and Economics

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To: sm1th who wrote (14367)	4/2/2012 2:42:13 PM
From: Steve Lokness	Read Replies (2) of 85487

<<<<The "account" is an accounting fiction. There are no "assets" >>>> That's like saying a bank has no money because they lent it out. Which in a sense is true. But at the same time it is insane for people to suggest that just because the government borrowed the money - they don't have to pay it back. IN FACT - they are paying it back right now because just now SS is taking in less than they are spending. Soooooo, all those nice fun wars Bush fought with SS money - well there ain't no more SS available for doing that is there? I originally thought it was wrong for Obama to cut SS taxes. Now I'm wondering if he wasn't two steps ahead of the talking points? Since we are now taking in less than SS is providing - guess the shoe is on the other foot. The argument you guys are making that that money isn't there is just bizarre. Do you want to increase taxes to make up the difference now - or would you rather cut SS benefits to millions? Come on which is it?

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