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Thread: What If We Paid Off The Debt? The Secret Government Report

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    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by Aunt Spiker View Post
    The Nation Debt consists of many parts: public debt, intra-governmental debt (and so on).
    the link I provided explained this pretty well

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    Re: What If We Paid Off The Debt? The Secret Government Report

    wouldn't that be a nice problem to have?
    this was a prescient passage (too bad it wasn't heeded):
    Like many nations at present the US faces a demographic shift that precipitates a pension
    finance shortfall. For this reason we intuitively believe that "Fiscal policy should avoid
    optimistic assessments about the room for future tax cuts or spending increases in order to avoid
    undue stimulus to the economy in the near term
    and the need for large reversals later on, as the
    population ages . "How the Nation will accomplish financing this future shortfall remains to be
    seen, but is worthy to consider in the current period of surplus.
    [emphasis added by bubba]

    but to answer your question, i don't see a legitimate problem
    given the liquidity of bonds, they could still be held instead of repurchasing them
    the interest paid would be a small expense to preserve the dominance of the dollar as the internationally accepted currency of preference
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: What If We Paid Off The Debt? The Secret Government Report

    Imagine what the Social Security Trust fund would use as an accumulation vehicle instead of U.S. Treasury securities?

    Anyone?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by Goldenboy219 View Post
    Imagine what the Social Security Trust fund would use as an accumulation vehicle instead of U.S. Treasury securities?

    Anyone?
    considering the run away corporatism is calling the shots, I'm guessing stocks, probably green energy stocks based on our current masters in charge.

    when the other guys are in charge, we would invest heavily in weapons stocks, and oil (which would probably be as good a bet as anything)

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    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by Simon W. Moon View Post
    I may be wrong, but, iirc, budget deficit ≠ the debt.

    the budget deficit is a year to year thing and the debt is a running total that has accumulated.
    You are correct as the budget deficit is:

    The amount by which a government, company, or individual's spending exceeds its income over a particular period of time. also called deficit or deficit spending. opposite of budget surplus. (What is budget deficit? definition and meaning)


    While the (national) debt is:

    The sum of all previously incurred annual federal deficits. Since the deficits are financed by government borrowing, national debt is equal to all government debt outstanding. (What is National Debt? definition and meaning)
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by ARealConservative View Post
    considering the run away corporatism is calling the shots, I'm guessing stocks, probably green energy stocks based on our current masters in charge.

    when the other guys are in charge, we would invest heavily in weapons stocks, and oil (which would probably be as good a bet as anything)
    I forsee us moving to a individually-owned SS system long before we have to worry about what the US should do with all it's extra money.



    but hey, if we ever do get out of debt:

    1. build a rainy day fund
    2. make up for the actual shortfalls in infrastructure
    3. send the rest of whatever surplus you ran back to the people on a per capita basis to each tax filer.

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    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by Goldenboy219 View Post
    Imagine what the Social Security Trust fund would use as an accumulation vehicle instead of U.S. Treasury securities?

    Anyone?
    Yeah - what ARealconservative said about it: stocks. . .current administration would favor 'green stocks'

    But per the link in the OP Clinton's administration was eying stocks in Fannie/Freddie as well as investing in Triple-A plus bonds and Mortgaged backed securities: all the things that crashed and failed amid the recession.
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    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by Goldenboy219 View Post
    Imagine what the Social Security Trust fund would use as an accumulation vehicle instead of U.S. Treasury securities?

    Anyone?
    It does appear that accumulation of "renminbi", precious metals, and OIL would be a sound policy.

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    Re: What If We Paid Off The Debt? The Secret Government Report

    Sorry boys and girls but we are too close to being bankrupt to think about now paying off our debt any time soon.
    What we need to do is cut taxes ans reduce the crazy regulations and restrictions that inhibit business growth and hope that recovery will will grow enough to recover within a reasonable time frame.

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    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by ARealConservative View Post
    considering the run away corporatism is calling the shots, I'm guessing stocks, probably green energy stocks based on our current masters in charge.

    when the other guys are in charge, we would invest heavily in weapons stocks, and oil (which would probably be as good a bet as anything)
    It is naive to believe you can invest trillions of dollars in public liabilities/obligations into the private markets. Conflict of interests and return uncertainty make it impossible to implement. Anyone familiar with risk management understands why fixed theoretical risk free investments are the superior vehicles to hedge public funds from inflation while providing a safe accumulation factor.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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