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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:15 AM Original message |
The social security surplus doesn't represent assets, it represents funds that were raided |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:19 AM Response to Original message |
1. The fund contains Treasury Bonds. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:32 AM Response to Reply #1 |
2. So the people of Ireland should be fine with the sale of their stocks and bonds and the |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:36 AM Response to Reply #2 |
3. It depends on a lot of factors. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:40 AM Response to Reply #3 |
4. The bonds in the social security fund aren't negotiable. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:46 AM Response to Reply #4 |
5. So? You think this means what exactly? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 08:55 AM Response to Reply #5 |
6. The surplus does not better enable us to pay for social security. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:37 AM Response to Reply #6 |
10. Of course. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:50 AM Response to Reply #10 |
14. SS wasn't designed to be a sovereign wealth fund. It's supposed to be a pass through system. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:56 AM Response to Reply #14 |
15. "benefit levels will be enabled or constrained by the ability of the workers to pay pensioners" |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:11 AM Response to Reply #15 |
17. I think we are in agreement over the mechanics of it. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:21 AM Response to Reply #17 |
20. Would no trust fund give more or less leverage? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:27 AM Response to Reply #20 |
23. I just think that the situation will be dire enough that leverage won't matter. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:41 AM Response to Reply #23 |
26. Which is why I am trying to hard save enough so I won't be reliant on SS. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:48 AM Response to Reply #26 |
28. Yup. $2 million is the standard goal. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:50 AM Response to Reply #28 |
29. Healtcare is the largest obstacle. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:53 AM Response to Reply #29 |
30. Exactly. Just think of how amazing single payer would have been. |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:36 AM Response to Reply #2 |
9. What do you mean when you say Ireland is 'selling its stock and bonds'? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:45 AM Response to Reply #9 |
12. Ireland must find €17.5bn from its pension fund and reserves for bailout |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:25 AM Response to Reply #12 |
21. Thank you; this appears to be the reserve fund told to buy stock in the Irish banks |
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elocs (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:27 AM Response to Reply #1 |
7. China holds billion$ in U.S. Treasury Bonds. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:48 AM Response to Reply #7 |
13. They are holding shorter term bonds that mature in several years. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:56 AM Response to Reply #13 |
16. Not true. China purchases a variety of Treasury Bonds. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:17 AM Response to Reply #16 |
18. We don't receive cash when the bonds in the SS fund mature you know. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:26 AM Response to Reply #18 |
22. What do you think China does with their interest payments? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:34 AM Response to Reply #22 |
24. Yes. I'm just commenting on the irony that nothing the fund is allowed to hold gives me any |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:38 AM Response to Reply #24 |
25. Well that is one sentiment I share. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:43 AM Response to Reply #25 |
27. Yeah I know it. |
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SDuderstadt (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:31 AM Response to Original message |
8. It's very misleading to claim... |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 09:40 AM Response to Reply #8 |
11. I'm saying that Ireland considers their funds raided when they had to take billions in stocks and |
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SDuderstadt (1000+ posts) Send PM | Profile | Ignore | Mon Dec-20-10 10:20 AM Response to Reply #11 |
19. Except you made the claim I addressed... |
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