Silicon Investor (SI) -- The First Internet Community

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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (216876)	2/2/2005 1:03:06 PM
From: combjelly	Read Replies (1) \| Respond to of 1572120

"you are implying that the balanced budget was "cooked" in some way involving SS surpluses" It was. And still is. The money that the SSA put into the Treasury bonds was used to decrease the amount of deficit reported, as it has been done since SS was instituted. I personally think they shouldn't do that, but my opinion is a minority one. Which is why I favor the SSA being able to invest in other things than Treasuries. As long as the US doesn't default on the bonds, no problem. I certainly favor selling the bonds instead of just printing money to cover the deficit. But servicing the interest on those bonds is a large fraction of the budget. And getting larger. Not that anyone seems to care. Except for the ones trying to cook up a crisis to kill off SS.