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Dragonfli

(10,622 posts)

17. So all T-bills are worthless? Why then should anyone invest in them? I

Thu Mar 21, 2013, 12:53 AM

Mar 2013

am happy to hear that the money we owe other nations does not have to be paid back at all simply because we spent what we borrowed and only gave them worthless T-bills in exchange., that should put things in the black while allowing the Government to replace the funds you feel were stolen fairly from the trust fund. Good news for us, bad news for China.

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Social Security: Stealing the World's Largest Bank Account [View all] MannyGoldstein Mar 2013 OP

K/R (nt) NYC_SKP Mar 2013 #1

The one thing to worry about is "Democrats" who are willing to give away the store duffyduff Mar 2013 #2

What's more dangerous: a wolf, or MannyGoldstein Mar 2013 #3

A wolf is bad, but you know where the wolf stands duffyduff Mar 2013 #4

the worst yet, though, is the wolf masquerading as guardian dog...nt magical thyme Mar 2013 #38

lol's... KoKo Mar 2013 #46

Health care and Pensions have been coopted by the 1%, why not SS and Medicare? NYC_SKP Mar 2013 #5

+1,000 malaise Mar 2013 #39

k&r Starry Messenger Mar 2013 #6

K&R Obama sure won't quit trying to help the Predator Class. forestpath Mar 2013 #7

HUGE K & R !!! - Thank You !!! WillyT Mar 2013 #8

What they really want is to hand it over to Wall Street, so it can be stolen. reformist2 Mar 2013 #9

Yes, they do desire that very thing. But they believe WE stole it from THEM. Kurovski Mar 2013 #10

I'll chip in with you if you find one olddots Mar 2013 #32

I know, but we earned every god damned penny. FogerRox Mar 2013 #58

Yep and it has millions of financial backers. Every single one a voice in the austerity choir. raouldukelives Mar 2013 #68

Well, if Jeb Bush becomes president in 2016 Dan Mar 2013 #11

They can't steal it without the collusion of both parties. This is going to determine the future sabrina 1 Mar 2013 #12

I wish I could agree with you... ljm2002 Mar 2013 #19

I hear these even from age 40 something children of staunch Democrats... KoKo Mar 2013 #47

Good post, and there is not much I can disagree with you on. I do however think that sabrina 1 Mar 2013 #53

There is no "money" in the "trust fund". Every penny has already been spent. Nye Bevan Mar 2013 #13

They are no different from the rest of the debt. JDPriestly Mar 2013 #14

So all T-bills are worthless? Why then should anyone invest in them? I Dragonfli Mar 2013 #17

Sorry, where did I say that "all T-bills are worthless"? Nye Bevan Mar 2013 #18

Preferably through higher taxes, but printing the money works too. reformist2 Mar 2013 #21

By the usual methods a government raises money to pay debts, taxes Dragonfli Mar 2013 #25

About 130 billion per year..................... FogerRox Mar 2013 #60

The money will be raise the same way we are going to pay all our debts and continue rhett o rick Mar 2013 #64

What utter BS. Do you know that the American people are creditors of the US Government sabrina 1 Mar 2013 #22

No, I am not claiming that the US will, or should, default on any of its debt (nt) Nye Bevan Mar 2013 #23

Good, because that is a ridiculous claim and has been made for decades with no basis in fact sabrina 1 Mar 2013 #24

You are the one with the BS. dkf Mar 2013 #31

A little research project for you: MannyGoldstein Mar 2013 #34

Well the Reagan fixes were supposed to work for the 75 year budget. dkf Mar 2013 #35

Which year's Trustee report are you referring to? MannyGoldstein Mar 2013 #37

This is the Greenspan commission. dkf Mar 2013 #69

The 1983 guess was pretty good. FogerRox Mar 2013 #62

Going back 25 years the low cost estimate has been the most accurate. That says SS is good thru 2090 FogerRox Mar 2013 #61

Thank you! MannyGoldstein Mar 2013 #65

I hardly believe that when we weren't projected to be paying more than payroll receipts yet dkf Mar 2013 #70

In a recession long term solvency is hurt, in a good economy FogerRox Mar 2013 #72

While the big banks totally failed to meet their obligations and had to be bailed out sabrina 1 Mar 2013 #52

Full faith and credit... ljm2002 Mar 2013 #30

A guy at Big Lots was 840high Mar 2013 #15

I'm ready to go through their protectors and apologists and to Egalitarian Thug Mar 2013 #16

I posses excellent carpentry skills, and some knowledge of blade type weaponry Dragonfli Mar 2013 #27

Message auto-removed IR81 Mar 2013 #20

Nice post and welcome to DU IR81. bluesbassman Mar 2013 #29

Welcome olddots Mar 2013 #33

Recommend...and Welcome to DU! KoKo Mar 2013 #48

Do you know why this poster was PPRed? woo me with science Mar 2013 #59

You are correct. moondust Mar 2013 #26

DURec leftstreet Mar 2013 #28

You are correct. 99Forever Mar 2013 #36

Please stay. We need you. MannyGoldstein Mar 2013 #40

Bless you Manny. 99Forever Mar 2013 #45

I hear ya.... KoKo Mar 2013 #49

I have no time left for breaks. 99Forever Mar 2013 #50

For 30 years, I saw little evidence that things were getting better MannyGoldstein Mar 2013 #51

Take a break, not an exit. Recharge. Take care of yourself. No one can do this 24/7. Fire Walk With Me Mar 2013 #41

k/r marmar Mar 2013 #42

Part of the answer is to mercilessly, mercilessly petition our "leaders" to do the will of Fire Walk With Me Mar 2013 #43

K&R. bullwinkle428 Mar 2013 #44

Well said. Zorra Mar 2013 #54

It's ridiculous we have to fight Democrats over this. Autumn Mar 2013 #55

Step 1: Remove the Social Security contribution cap. Anyone who opposes that isn't serious. nt Romulox Mar 2013 #56

That is one of the reasons I voted for THIS guy: bvar22 Mar 2013 #57

I'll ask him when he gets back from canapes with Lloyd and Jamie MannyGoldstein Mar 2013 #67

Huge K&R woo me with science Mar 2013 #63

PROTEST! PROTEST! PROTEST! PROTEST! PROTEST! Hotler Mar 2013 #66

Please help spread this. prettymeadow Mar 2013 #71

Signed and Tweeted! Rhiannon12866 Mar 2013 #73