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Thread: Official: Obama Proposes Cuts to Social Security

  1. #111
    Dungeon Master
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    azgreg's Avatar
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    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by Catawba View Post
    That alone won't fix the problem and seniors will never put people in office that will do that. And the GOP can't win elections without the senior vote.

    What else you got?
    There's always means testing and I'm not against raising the cap. What do you got?

  2. #112
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    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by azgreg View Post
    There's always means testing and I'm not against raising the cap. What do you got?
    I believe the Simpson-Bowles fix for SS is the best plan. And I believe Congress will reach a compromise on it this summer, or we will elect a new congress over the next couple elections to get it done.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  3. #113
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    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by MoSurveyor View Post
    Did I say "useful" or "valid"? Valid as in T-bills and dollar bills are both backed by the US Treasury. If you think one is worthless (unbacked) then both are worthless.
    The special promissory notes in the SS Trust Fund are neither T-Bills nor Dollars, both of which (and, this is important) can be traded, and yes, they are generally worthless. Because they have no worth. Their "worth" their "value" their "ability to be traded for goods or services" is "zero". "Zero" being "nothing" the "worth" of the SPN is "Nothing" making it "worthless." My Dollar isn't worthless because I can trade it for food. My T-Bills are not worthless because I can trade it for dollars, which I can trade for food. SS Special Promissory Notes not so much.

    hope that helps

  4. #114
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    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by cpwill View Post
    hope that helps
    Not at all since only the SSA can hold them. Do you think the Fed is not responsible for it's obligations?


    You'll have to cite a good, reliable source as to their supposedly non-existent value.
    Last edited by MoSurveyor; 04-10-13 at 01:02 AM.
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