Social Security and the debt cieling

Discussion in 'Politics' started by Quantum Windbag, Jul 23, 2011.

  1. Quantum Windbag
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    Quantum Windbag Gold Member

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    It seems that Obama either lied, or is a complete idiot, about how this works. When you redeem a Treasury Bond you are actually reducing the deficit by that amount, which gives the government more credit to borrow money from someone else.

    Contrary to the President, Social Security Checks Are Not At Risk | Advancing a Free Society
     
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  2. B. Kidd
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    B. Kidd Gold Member

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    He is vile, unprofessional, and despicable.
     
  3. Moonglow
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    Moonglow Diamond Member

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    Quote:
    But he was needlessly scaring the program's fifty-five million beneficiaries, the vast majority of whom are highly dependent on each month's Social Security check. So was Speaker John Boehner who, in a recent interview, also spoke of the possible interruption of benefits.

    Nancy Altman: Disentangling Social Security From the Debt Ceiling

    So if Obama used fear tactics, so did Boneher
     
  4. Moonglow
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    Moonglow Diamond Member

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    u misspelled ceiling in ur header
     
  5. Trajan
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    Trajan conscientia mille testes

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    yes I posted a blurb on the methodology behind providing a bond to the treasuary for redemption from the ss 'trust fund', the sheep do not want to hear it. *shurgs*.

    look, he was asked in a townhall way back during the big push for obamacare a question on , well, the health care plan and he totally whiffed, he even employed the totally ridiculous car insurance analogy in his big meeting with the rep.s over obamacare too.

    he apparently is barely familiar with and not very well versed in , a great deal, I am trying to think of a topic other than class warfare that he can truly speak to with knowledge and authority.......
     
    Last edited: Jul 23, 2011

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