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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (107407)	7/10/2011 11:23:28 AM
From: Sedohr Nod	6 Recommendations Respond to of 224750

Any way you try to spin it, Kenny, the surpluses in the account have been spent....congress is no better than the people we all know that couldn't stay financially afloat no matter how much money was thrown at them....usually drugs or alcohol is a prime factor in those cases, what excuse do you have for congress? And no, I don't really want to see any more of your excuses....we've read them for years, at least for the lefty side of the aisle.

To: Kenneth E. Phillipps who wrote (107407)	7/10/2011 1:33:08 PM
From: Wayners	2 Recommendations Read Replies (1) \| Respond to of 224750

No it's not. The SS "bonds" aren't traded in the open market like real bonds. The market sets the value of real marketable bonds based on supply and demand. What are the SS bonds worth if they aren't traded in the open market? Well since they represent about $60Trillion that can't be paid, I'd say they are junk bonds.

To: Kenneth E. Phillipps who wrote (107407)	7/10/2011 1:44:49 PM
From: TideGlider	3 Recommendations Read Replies (1) \| Respond to of 224750

How does the US government convert those SS bonds to cash?

To: Kenneth E. Phillipps who wrote (107407)	7/10/2011 8:49:34 PM
From: TimF	Read Replies (2) \| Respond to of 224750

The "paper" in the SS trust fund is just as good as Treasury bonds. US federal treasury bonds are no good as an investment or savings mechanism for the federal government. When you loan money to yourself it doesn't give you a real asset. You can't use it to pay off anything. The feds spent the money years ago. If they want to pay benefits with it they have to tax it from people, just as they would if the balance in the "trust fund" was zero.