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 : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (65878)	5/1/2008 3:51:05 PM
From: TimF	Respond to of 90947

Your mortgage is a specific kind of commitment. Its a contractual commitment, and specifically it is a loan. SS is not a contractual commitment of any kind, and is certainly not a loan. In fact its arguable that it isn't even really a commitment at all, if it is, it isn't a contract. Cite an example where a corporation issues bonds to itself and pays interest on them. I know of no examples, but that's irrelevant. If the company did such a thing, there would be no net expense from the interest, and no net change in its balance sheet. If it did record a net increase or decrease in income, or a net change on its balance sheet, there could be fraud and/or tax evasion charges.