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To: Hojczyk

“mostly a face-saving maneuver”

The temporary 2 month bill is paid for entirely by increasing government revenue. No spending cuts.

Yeah, you can’t more “face saving” than that for RINOs...


3 posted on 12/22/2011 9:34:52 AM PST by mrsmith (Start electing a 'Tea Party' Majority Leader in 2012 now!)
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To: mrsmith
The bill isn't really paid for. This is really another stimulus bill using SS as a conduit to distribute the money. There is only one way that SS can be held harmless and that is to issue more IOUs in the form of non-market T-bills to the SSTF to make up for the lost revenue.

In reality, this is the same way Congress used the SS "surplus" by spending the money and putting IOUs in the SSTF, which represents an unfunded liability and is part of the $15 trillion national debt held under "Intragovernmental Holdings."

26 posted on 12/22/2011 10:33:04 AM PST by kabar
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