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Thread: CBO predicts Social Security cash deficits in 2010-11

  1. #31
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    Re: CBO predicts Social Security cash deficits in 2010-11

    Quote Originally Posted by jackalope View Post
    Yes, US Treasury Bonds are the safest investment vehicle in the world. There is no credit agency that believes the US is in danger of defaulting on either T-bills or T-bonds.
    Of course no one believes that they won't default, because they can force people to pay them (the government) more money.

    They don't sell anything to make a "profit", they just take it to cover the interest payments.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  2. #32
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    Re: CBO predicts Social Security cash deficits in 2010-11

    Quote Originally Posted by Harry Guerrilla View Post
    Of course no one believes that they won't default, because they can force people to pay them (the government) more money.

    They don't sell anything to make a "profit", they just take it to cover the interest payments.
    Well than arguing that a trust fund held in US T-bonds is imaginary is a bad argument, isn't it?

  3. #33
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    Re: CBO predicts Social Security cash deficits in 2010-11

    Quote Originally Posted by jackalope View Post
    Well than arguing that a trust fund held in US T-bonds is imaginary is a bad argument, isn't it?
    It is imaginary, a trust fund is a specifically held amount of cash or real investments.

    In this case the trust fund is not a real investment, because the government hasn't invested in anything productive.
    The interest is only earned by taxes and not by the sales of products and services from which the investment is derived from.

    It's incredibly dishonest to claim that the government owing itself money is some kind of trust fund.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  4. #34
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    Re: CBO predicts Social Security cash deficits in 2010-11

    Quote Originally Posted by Harry Guerrilla View Post
    It is imaginary, a trust fund is a specifically held amount of cash or real investments.

    In this case the trust fund is not a real investment, because the government hasn't invested in anything productive.
    The interest is only earned by taxes and not by the sales of products and services from which the investment is derived from.

    It's incredibly dishonest to claim that the government owing itself money is some kind of trust fund.
    Sorry, T-bonds are real investments. They earn interest every year. There is nothing imaginary about the Social Security Trust Fund.

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    Re: CBO predicts Social Security cash deficits in 2010-11

    Quote Originally Posted by jackalope View Post
    Sorry, T-bonds are real investments. They earn interest every year. There is nothing imaginary about the Social Security Trust Fund.
    I woul not buy t bills tdday

  6. #36
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    Re: CBO predicts Social Security cash deficits in 2010-11

    When SS was made, the entry age was about 3 years more than the life expectency in America at the time. You weren't supposed to be withdrawing from it for 1/4-1/3 of your life. You were supposed to be dead by then!

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    Re: CBO predicts Social Security cash deficits in 2010-11

    Quote Originally Posted by winston53660 View Post
    I woul not buy t bills tdday
    They are AAA rated.

  8. #38
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    Re: CBO predicts Social Security cash deficits in 2010-11

    Quote Originally Posted by DrunkenAsparagus View Post
    When SS was made, the entry age was about 3 years more than the life expectency in America at the time. You weren't supposed to be withdrawing from it for 1/4-1/3 of your life. You were supposed to be dead by then!

    IA w/ this ....

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    Re: CBO predicts Social Security cash deficits in 2010-11

    Quote Originally Posted by jackalope View Post
    IA w/ this ....
    what are you asking?

  10. #40
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    Re: CBO predicts Social Security cash deficits in 2010-11

    Quote Originally Posted by DrunkenAsparagus View Post
    what are you asking?
    I didn't ask anything. I simply said I agreed with your statement.

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