|
![]() ![]() ![]() |
This topic is archived. |
Home » Discuss » General Discussion |
![]() |
FreakinDJ
![]() |
Wed Jan-26-11 12:42 PM Original message |
US Federal Government Defaulting on Loan payments |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 12:45 PM Original message |
The issue is that even with FULL repayment of the trust fund there is a gap. |
Printer Friendly | Permalink | | Top |
damntexdem
![]() |
Wed Jan-26-11 12:59 PM Response to Original message |
6. That graph is b.s. |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:08 PM Response to Reply #6 |
9. Hardly BS. It comes from the SSA trustee report. |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 01:13 PM Response to Original message |
12. you're talking about something that's predicted to start happening 30 years from now, |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:20 PM Response to Reply #12 |
15. Well actually it is 2 of 3 forecasts and includes the most realistic one. |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 01:28 PM Response to Reply #15 |
22. actually, it is *not* "the most realistic one". the so-called "optimistic" forecast |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:31 PM Response to Reply #22 |
25. While SSA was setup as a pay-go system the boomers change that. |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 01:42 PM Response to Reply #25 |
31. another bullshit point. the size of the boomer generation is irrelevant to the equation. |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:46 PM Response to Reply #31 |
36. I just stated facts. I didn't advocate for any "theft" |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 02:04 PM Response to Reply #36 |
42. The fact that you claim SS is "insolvent," & then claim I'm just arguing with you |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 02:45 PM Response to Reply #42 |
46. That is the DEFINITION of insolvency. |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 02:54 PM Response to Reply #46 |
47. No, a projection about 30 to 70 years in the future is not insolvency. |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 02:56 PM Response to Reply #47 |
48. A pension fund or insurance plan would be declared insolvent under same conditions. |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 03:03 PM Response to Reply #48 |
49. SS is not a pension fund nor is it a private insurance plan. |
Printer Friendly | Permalink | | Top |
hfojvt
![]() |
Wed Jan-26-11 01:13 PM Response to Original message |
13. those are not all modest changes |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:18 PM Response to Reply #13 |
14. One correction. |
Printer Friendly | Permalink | | Top |
closeupready
![]() |
Wed Jan-26-11 01:20 PM Response to Original message |
16. Oh, yes, there certainly are Republicans talking about legislating default on bonds held by SS |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:21 PM Response to Reply #16 |
18. A cite please? n/t |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 12:45 PM Response to Original message |
1. I know people want to believe that cutting SS benefits will rile the bond market. |
Printer Friendly | Permalink | | Top |
glinda
![]() |
Wed Jan-26-11 12:56 PM Response to Reply #1 |
4. except maybe house payments or bills |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 01:02 PM Response to Reply #4 |
7. Not an advocate for this--just negativing the "it CAN'T happen!" complacency. nt |
Printer Friendly | Permalink | | Top |
FreakinDJ
![]() |
Wed Jan-26-11 12:57 PM Response to Reply #1 |
5. Sorry - but those are RATpubliCON Talking Points |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 01:05 PM Response to Reply #5 |
8. Sorry, but what in your post contradicts anything in mine? |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:10 PM Response to Reply #8 |
10. The bonds will still be repaid though. |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 01:20 PM Response to Reply #10 |
17. OK. But they could be "repaid" over a longer time horizon than anyone anticipates |
Printer Friendly | Permalink | | Top |
FreakinDJ
![]() |
Wed Jan-26-11 01:11 PM Response to Reply #8 |
11. U.S. Treasury securities are a CONTRACTUAL Obligation |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 01:22 PM Response to Reply #11 |
19. Between divisions of the gov't? My point is that INDIVIDUALS do not have a contractual right |
Printer Friendly | Permalink | | Top |
FreakinDJ
![]() |
Wed Jan-26-11 01:26 PM Response to Reply #19 |
20. Explain that to all the lawyers who argue for SSI Benefits |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 01:27 PM Response to Reply #20 |
21. SSI = Supplemental Security Income. It's not the same as Social Security. nt |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:28 PM Response to Reply #20 |
23. You are missing the point. |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 01:30 PM Response to Reply #23 |
24. you have no rights as the holder of a pension or insurance policy either. |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:33 PM Response to Reply #24 |
26. Well you do have rights. |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 01:35 PM Response to Reply #26 |
27. not if there's no money. as many people who counted on pensions & other benefits know full well. |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 01:38 PM Response to Reply #27 |
28. That's the ancient legal principle of "no blood from a stone". |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 01:43 PM Response to Reply #28 |
33. no, statistical is putting up bullshit winger talking points, & if you don't get that, |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 01:59 PM Response to Reply #33 |
40. Right. And knowledge of the Bankruptcy Code is tantamount to WITCHCRAFT!!!! |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 02:13 PM Response to Reply #40 |
43. not sure how the straw counters the fact that statistical is putting up winger talking points. |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 02:27 PM Response to Reply #43 |
44. Well, it *IS* a tad frustrating inasmuch that *you're* right that there is no money |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 02:40 PM Response to Reply #44 |
45. the only "structural" problems withh SS are the ones the wingers & neolibs have |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:41 PM Response to Reply #27 |
30. In very few bankruptcies are there "no money". Reduced money yes, insolvency yes. |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 01:44 PM Response to Reply #30 |
35. but somehow there's "no money" for SS. so by your reckoning, it has gone somewhere. |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:49 PM Response to Reply #35 |
37. There is $2.5 trillion for SS. |
Printer Friendly | Permalink | | Top |
Hannah Bell
![]() |
Wed Jan-26-11 01:58 PM Response to Reply #37 |
38. no, there is *not* $2.5 billion for SS. There's a bunch of IOU's for $2.5 trillion, which |
Printer Friendly | Permalink | | Top |
FreakinDJ
![]() |
Wed Jan-26-11 01:39 PM Response to Reply #26 |
29. Thats Bullshit and you know it |
Printer Friendly | Permalink | | Top |
Statistical
![]() |
Wed Jan-26-11 01:44 PM Response to Reply #29 |
34. And pensioners were protected via the PBNG thanks for proving the point. |
Printer Friendly | Permalink | | Top |
FreakinDJ
![]() |
Wed Jan-26-11 08:11 PM Response to Reply #34 |
50. Enough Winger Talking Points - PBGC is a Government Agency |
Printer Friendly | Permalink | | Top |
FreakinDJ
![]() |
Wed Jan-26-11 01:42 PM Response to Reply #23 |
32. As long as they are spending $Trillions in Iraq and Afghanistan every year |
Printer Friendly | Permalink | | Top |
Romulox
![]() |
Wed Jan-26-11 02:01 PM Response to Reply #32 |
41. Here, you and I agree. nt |
Printer Friendly | Permalink | | Top |
dixiegrrrrl
![]() |
Wed Jan-26-11 12:46 PM Response to Original message |
2. Take a look at the debt instrument in your wallet, btw. |
Printer Friendly | Permalink | | Top |
SlipperySlope
![]() |
Wed Jan-26-11 12:51 PM Response to Original message |
3. Wouldn't be the first time the United States defaulted. |
Printer Friendly | Permalink | | Top |
Kaleva
![]() |
Wed Jan-26-11 01:59 PM Response to Original message |
39. I lost out on the old GI Bill |
Printer Friendly | Permalink | | Top |
DU
AdBot (1000+ posts) ![]() ![]() ![]() ![]() |
Sat Sep 07th 2024, 07:17 PM Response to Original message |
Advertisements [?] |
Top |
Home » Discuss » General Discussion |
![]() |
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.
Home | Discussion Forums | Journals | Store | Donate
About DU | Contact Us | Privacy Policy
Got a message for Democratic Underground? Click here to send us a message.
© 2001 - 2011 Democratic Underground, LLC