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Politics : Formerly About Advanced Micro Devices
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To: koan who wrote (792774)7/1/2014 10:42:29 AM
From: i-node  Read Replies (1) of 1578163
 

>>The SS taxes in excess of current benefit payments has been used by SS trustees to buy US bonds. It doesn't matter how Congress spent the cash received from the Trustees, the SS trust fund owns US bonds. When the trust fund needs to start redeeming bonds to pay benefits, either they will sell the bonds back to the US treasury, or they will sell them to other investors. The US will not default on the SS bonds, period.

You may think it is smart but whoever wrote it made no mention of the problem at SS.
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