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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:21 PM Original message |
NOW ON THE TABLE: not fully repaying the Chinese and other Treasury Bond holders |
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Skink (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:24 PM Response to Original message |
1. Because that last election brought out the truly crazy. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:27 PM Response to Original message |
2. SS treasuries are an asset of an agency and a liability of the treasury netting to zero. |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:30 PM Response to Reply #2 |
3. Yes, but so what? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:37 PM Response to Reply #3 |
7. Because right now the law says you cannot use general funds to pay benefits. |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:39 PM Response to Reply #7 |
10. But nobody wants to get rid of that law |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:48 PM Response to Reply #10 |
17. Well if you agree we will need to increase taxes, that in itself reduces GDP. |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:51 PM Response to Reply #17 |
18. Historical numbers show otherwise |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:06 PM Response to Reply #18 |
24. I might believe that if I saw great prospects for growth but I don't. |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 11:45 AM Response to Reply #24 |
66. Previous projections of growth by the Trustees have been way under |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:04 PM Response to Reply #17 |
23. So you are making the Republican argument for |
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indurancevile (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:27 PM Response to Reply #23 |
33. I was surprised to hear that poster repeating two other gop talking points on social security too. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:59 PM Response to Reply #33 |
43. If I had confidence in the financial situation of the Federal Government then I'd be okay with it. |
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indurancevile (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:28 PM Response to Reply #43 |
51. Sorry, I don't agree. And I don't see what that has to do with the right-wing talking points |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:38 PM Response to Reply #51 |
55. Well they are. Otherwise you could sell them in the open market |
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indurancevile (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:41 PM Response to Reply #55 |
56. Oh for God's sake. Obviously, they did it so people like yourself could spout the talking point. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:44 PM Response to Reply #56 |
57. Yes but if they were negotiable then they could have. |
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indurancevile (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:51 PM Response to Reply #57 |
58. As I said, so republicans could shout "Social security bonds aren't negotiable!!! Wah!!!!" |
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Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 04:16 PM Response to Reply #51 |
75. Because they are |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:54 PM Response to Reply #23 |
41. That's from Christina Romer who was on Obama's economic council. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:04 PM Response to Reply #23 |
44. Actually it doesn't claim the inverse that I can see. |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:23 PM Response to Reply #23 |
50. Exactly! n/t |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:55 PM Response to Reply #7 |
19. Point of the trust fund is this |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:58 PM Response to Reply #19 |
20. "Soon the trust fund will cease to have enough income to pay the SS checks." |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:16 PM Response to Reply #20 |
30. deleted |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:54 PM Response to Reply #30 |
42. The Trust Fund has been borrowed, not spent |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:07 PM Response to Reply #42 |
45. Of course they will be paid |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:09 PM Response to Reply #45 |
46. Is that less true of bonds held by the Chinese? |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:16 PM Response to Reply #46 |
47. Were all in the same boat |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:18 PM Response to Reply #47 |
48. Sorry, I thought you were somehow arguing that SS bonds are different than other bonds |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:19 PM Response to Reply #46 |
49. There actually is a difference accounting wise. |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:38 PM Response to Reply #49 |
54. Yes. So? |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 12:15 PM Response to Reply #54 |
67. We will all be SS payees and recipients |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 01:59 PM Response to Reply #67 |
69. Indeed |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 02:23 PM Response to Reply #69 |
70. Slashing SS will never happen |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 03:05 PM Response to Reply #70 |
71. Obama's commission voted to recommend a 22% cut for the average recipient |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 03:17 PM Response to Reply #71 |
72. Well |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:30 PM Response to Reply #2 |
4. Dollar bills are also IOU's - worthless, except because our government SAYS they are valuable. |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:09 PM Response to Reply #2 |
26. Aren't the cumulative totals of the Bush tax cuts about equal |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:33 PM Response to Reply #26 |
53. Yes, those ten years of the Bush Tax Cuts cost this country |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:14 PM Response to Reply #2 |
28. How many more times are you going to post that? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:52 PM Response to Reply #28 |
40. I keep on posting it because some keep on not getting it. |
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DeschutesRiver (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:48 PM Response to Reply #2 |
39. So when I have treasury bonds in my retirement trust account, and I need to pay a bill that is due |
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Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 03:55 PM Response to Reply #39 |
74. Because you sell the bill to someone else to get your money |
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DeschutesRiver (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 07:26 PM Response to Reply #74 |
77. Let me add more detail about my Treasury Direct acct-you might know the answer |
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Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-11 11:15 AM Response to Reply #77 |
79. They sell new bonds |
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Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-11 11:35 AM Response to Reply #79 |
80. PS |
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Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Wed Jul-20-11 11:51 AM Response to Reply #80 |
81. PPS |
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DeschutesRiver (1000+ posts) Send PM | Profile | Ignore | Fri Jul-22-11 10:06 AM Response to Reply #81 |
82. I want to thank you for all your responses - the lightbulb finally came on for me |
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Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Fri Jul-22-11 11:21 AM Response to Reply #82 |
83. You are emphatically not dim-witted |
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Angry Dragon (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 12:33 AM Response to Reply #2 |
62. Your last sentence is garbage |
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Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 03:39 PM Response to Reply #2 |
73. Current SS Taxes are insufficient to pay current benefits |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:31 PM Response to Original message |
5. Republican class war. Nothing more. |
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slipslidingaway (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:34 PM Response to Original message |
6. knr nt |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:38 PM Response to Original message |
8. just so you know, the majority of holders of treasuries are americans. |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:40 PM Response to Reply #8 |
11. Yes. All should be repaid, to ALL bond holders |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:45 PM Response to Reply #11 |
14. Well the fear is that they print money to pay us all back |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:46 PM Response to Reply #14 |
16. You're not saying it's OK to not repay Social Security |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:30 PM Response to Reply #16 |
52. That IS what they are saying. |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:24 PM Response to Reply #14 |
32. Wrong, those are not the 'three ways to pay back those bonds' |
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Warren Stupidity (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 06:10 AM Response to Reply #14 |
63. The same is true for all of our t-bill obligations. |
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Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 04:27 PM Response to Reply #63 |
76. No we don't float new debt |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:46 PM Response to Reply #11 |
15. well, it would be completely insane to default when you don't have to. |
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Fearless (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:38 PM Response to Original message |
9. Because they don't give a damn about our elderly. Either party. |
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Commie Pinko Dirtbag (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:41 PM Response to Original message |
12. Working Americans don't have nukes. -nt |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 08:43 PM Response to Reply #12 |
13. Maybe the good people of NH are right |
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Name removed (0 posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:03 PM Response to Original message |
21. Deleted message |
Name removed (0 posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:08 PM Response to Reply #21 |
25. Deleted message |
slipslidingaway (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:15 PM Response to Reply #21 |
29. Why has Obama even raised the SS issue? n/t |
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indurancevile (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:31 PM Response to Reply #21 |
35. Why would you say something like that? |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:42 PM Response to Reply #21 |
38. Are you accusing me of something? |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:04 PM Response to Original message |
22. I don't want to hear about "trust funds" and "Treasury bonds". Cash money was paid in, cash money |
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senseandsensibility (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:10 PM Response to Original message |
27. K and R |
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DeadEyeDyck (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:20 PM Response to Original message |
31. You can always extract payment from Americans via taxation |
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sabrina 1 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:29 PM Response to Reply #31 |
34. You get your act together and you stop spending money |
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WCGreen (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:32 PM Response to Original message |
36. Excellent point.... |
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ChoppinBroccoli (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 09:40 PM Response to Original message |
37. I Think We Should Default And Let The Chinese Repossess Boner |
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reformist2 (998 posts) Send PM | Profile | Ignore | Sun Jul-17-11 11:08 PM Response to Original message |
59. The GOP's anti-Social Security trash talk is blowing up in their faces! |
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Faryn Balyncd (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 11:32 PM Response to Original message |
60. By redeeming the bonds there are funds to pay obligation IN FULL until 2037 w/o changes |
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scarletwoman (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 12:06 AM Response to Reply #60 |
61. We paid cash money out of our paychecks. We need to demand that we get our cash money paid back. |
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Kablooie (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:13 AM Response to Original message |
64. Because they have bigger guns. Period. |
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ljm2002 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:54 AM Response to Original message |
65. Why is it okay to not repay SS funds? |
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Volaris (479 posts) Send PM | Profile | Ignore | Mon Jul-18-11 01:43 PM Response to Original message |
68. I caught a blurb about this on Adult Swim the other night, curiously enough....it said |
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MH1 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 07:38 PM Response to Original message |
78. BECAUSE THEY ARE VOTERS. |
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