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Thread: The results are in on social security

  1. #51
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    Re: The results are in on social security

    Quote Originally Posted by Misterveritis View Post
    An IOU is not an asset. If you promise to pay yourself at some future date and you do not have a real asset you can convert into that payment what do you have? Nothing. That is what the government did. It wrested money from taxpayers for one purpose, used it on something else and wrote itself a promise to pay itself. Now if the US government decided to sell of most of its real estate holdings and converted that to cash we might have a real solution.

    see post #50.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: The results are in on social security

    Quote Originally Posted by lpast View Post
    ...well the good news is everyone I speak to in florida believes the teaparty whining has gone to far.
    Perhaps you need to seek out some new friends.

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    Re: The results are in on social security

    Quote Originally Posted by Catawba View Post
    Somebody has to pay for those tax cuts...
    Why do you think that anyone has to "pay" when tax rates are lowered? What do you mean, exactly? This implies that all wealth created by all private citizens belongs to the state. Isn't that what you mean?
    How are you any different that the slave owner prior to the successful conclusion of the civil war in the US?

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Perhaps you have heard something that i haven't then.This is from the Social Security FAQ.

    <Far from being "worthless IOUs," the investments held by the trust funds are backed by the full faith and credit of the U. S. Government. T

    The last I heard U.S. Savings Bonds are pretty secure which "special issue" securities are comparable to.
    The government took the real money and replaced it with IOUs.

    You don't understand this do you?

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    see post #50.
    You do not understand. You are dangerous because you have friends who similarly lack understanding. You have been played. We have been played. All of the real money is gone. Where do you think the money comes from to pay the interest on treasury bonds?

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    Re: The results are in on social security

    QUOTE Misterveritis;

    You do not understand.
    Enlighten me. What donít I understand?

    You are dangerous because you have friends who similarly lack understanding.
    Hhmm...better clean that crystal ball off,it seems to be getting a bit fogged up.

    You have been played.
    I bet you're a riot at parties.


    We have been played.
    Nah.

    All of the real money is gone.
    The last i check my wallet was still their...only about ten bucks in it though.

    Where do you think the money comes from to pay the interest on treasury bonds?
    The same place(taxpayers) the interest is paid on the money we borrow from China to finance our two and a half wars.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Enlighten me. What don’t I understand?
    If I thought it was remotely possible I would give it a try. But it is not. You will have to get there on your own. Or you just won't get there.

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    Re: The results are in on social security

    Quote Originally Posted by Misterveritis View Post
    If I thought it was remotely possible I would give it a try. But it is not. You will have to get there on your own. Or you just won't get there.

    Ok,i,m glad we could at least agree that it is us taxpayers that pay the interest on the money we borrow from China to finance our two and a half wars.Have a goodd...night.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: The results are in on social security

    Quote Originally Posted by Whovian View Post
    yeah... great news that Dems/Libs want to sity on their collective asses for the next 25 years until SSI fails utterly.
    well, if it makes you feel any better, Medicare will destroy us long before that

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Ok,i,m glad we could at least agree that it is us taxpayers that pay the interest on the money we borrow from China to finance our two and a half wars.Have a goodd...night.
    of course it is.

    mind you, both of those wars together cost us less than the deficit spending of the last two years alone....

    the wars are actually pretty cheap when compared to our entitlements.
    Last edited by cpwill; 06-04-11 at 12:52 AM.

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