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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (13053)	3/20/2012 9:02:09 AM
From: MakeMyDay	2 Recommendations Respond to of 85487

GREAT answer. I also saw Juan Williams on O'Reilly last night. They were showing the video that Pelosi's daughter made where a bunch of guys who never worked and never planned to were bragging about how they live off entitlements. Juan said 'Yeah, well what about the seniors who are screaming about cutting Medicare?' Sick.

To: Steve Lokness who wrote (13053)	3/20/2012 9:20:11 AM
From: Bearcatbob	2 Recommendations Read Replies (1) \| Respond to of 85487

The whole point of this is that the SS money was spent and the obligation was recorded as Interagency Debt. To pay back that debt to SS the feds have to increase the publicly held debt. When you hear anyone say our debt is not greater than our GDP it is because they do not count the Interagency Debt. Currently all Interagency Debt is being converted to Publicly Held debt. The bottom line is that our debt is greater than 100% of GDP - and that ain't good!

To: Steve Lokness who wrote (13053)	3/20/2012 10:35:28 AM
From: TimF	Respond to of 85487

If you want to make sure that it isn't used for anything else, you would have to either require that the government has to run an overall surplus as big as any surplus from the SS tax over SS spending, or change the law so that instead of the money being required to go in to treasury debt, it is instead not allowed to be invested in treasury debt. Otherwise any time the SS system runs a surplus the money is going to be spent on something else, and not even so much as a political decision, just by the government spending its income. But maybe that's not such an issue anymore now that SS is running a deficit. There is no extra money to be spent anywhere else anymore.