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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (4795)3/2/2004 4:11:05 PM
From: Kenneth E. PhillippsRespond to of 81568
 
Very different because Clinton had small deficits and a couple of budget surplus years. More like difference between a small scratch and loss of a major limb.



To: JakeStraw who wrote (4795)3/2/2004 5:23:55 PM
From: Steve DietrichRead Replies (1) | Respond to of 81568
 
There's nothing wrong with borrowing the SS surplus. The Govt. borrows tons of money all the time from many sources.

The sin, the thievery, is saying SS is in trouble if they expect the federal govt. to pay them back. Where's the full faith and good credit of the US govt.?

SS is only 1.8 trillion out of our $7 trillion debt. What if we told the holders of the rest of our debt that they were in financial trouble when they wanted to redeem their notes because, "that money isn't really there," we didn't put it in a box, we spent it?

Surely the holders of our debt don't expect us to raise taxes or cut spending just to pay them back, do they?

Steve Dietrich