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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (112309)	5/2/2005 6:26:52 PM
From: TimF	Read Replies (1) \| Respond to of 793914

Now what would happen in the unlikely even that we run a surplus for so long that we pay off the debt and there are no more outstanding bonds. The prime interest rate would drop to near zero. That is probably true, but I meant what would happen if the debt was paid back while SS income still exceded SS spending. The extra money is supposed to go in to treasuries but their wouldn't be any treasuries to buy. I imagine the politicians would say "we have to spend it, we have no choice..." Tim