Quote:
Originally Posted by Cletus Miller
It isn't much of a problem IF we *don't* start paying back the $4,634,739,130,665.17* in treasury debt held by the "trust fund". That sounds like a significant problem, perhaps worse than the $9,390,476,088,043.35* held by the public, as the public isn't *necessarily* looking to reduce their holdings in the next decade.
*as of 12/31/10
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You mean we can default on our debt to the SS trust fund if we reduce the trust fund's obligations?
Sweet. I'm going to call up Citibank and tell them that I'm paying less on my mortgage, since they've been cutting their expenses.
(Okay, I understand your point. Honestly, I'm just pissed off that more people haven't taken up, loudly, the fact that Reagan massively increased taxes on the working poor and middle class, pretended it didn't matter because those were payroll taxes that were going into SS, then debt-financed the government and now the day of reckoning is getting closer. That piece of shit set the tone for fiscal irresponsibility that will doom this country.)
