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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 (107434)7/10/2011 6:20:46 PM
From: grusum1 Recommendation  Respond to of 224755
 
Those bonds in the SS Trust fund are an asset to SS beneficiaries.

and those bonds are in a constant state of devaluation. only fools want to hold them.



To: Kenneth E. Phillipps who wrote (107434)7/10/2011 6:23:57 PM
From: Sedohr Nod2 Recommendations  Read Replies (1) | Respond to of 224755
 
It became a net liability to the taxpayers long before it should have and is getting worse as we go along.....Yes it is technically an asset for the fund, but there is nothing financially prudent about how it was handled......just another prime indicator of fiscal insanity.

Are you really that dense?



To: Kenneth E. Phillipps who wrote (107434)7/10/2011 9:04:46 PM
From: TimF1 Recommendation  Read Replies (1) | Respond to of 224755
 
A Treasury bond is an asset to the owner and a debt to the Government.

In this case the owner is the government. The asset equals the debit, and nets out at zero.


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