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To: muawiyah
The government borrowed it...but it was a dedicated tax and the initial obligations remain ~ it must be spent on payments, or it must be refunded. You simply cannot write it off the books ~ or else!

Apparently you are completely stupid on multiple subjects.

The government "borrowed" the money from itself and has spent the money. It is gone. Whatever the hand-waving involved, the money is gone.

Future Social Security and Medicare benefits will be paid with money taken from future private sector workers and investors.

Period.

This is reality. All the rest is just bluster.

If you think there is some moral debt that future workers owe to those who came before them and ran up a $16T national debt, I'd love to hear you explain in straightforward term why that is.

49 posted on 06/18/2012 10:46:53 AM PDT by rogue yam
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To: rogue yam
Rogue, you are dissembling again. The gub'mnt took it from my pocket and put it in theirs ~ then they spent it on something they didn't say they were going to spend it on.

They used the vehicle of a public bond to cover their tracks. At the same time when they take a dollar and send it to someone receiving Social Security they retire that dollar from the pool of bonds that constitute the debt TO Social Security.

There's a $6 trillion overhang of funds collected but not spent on Social Security.

The fifth amendment says ~ bwahahahaha ~ "nor shall private property be taken for public use, without just compensation". Get over that hurdle and we'll talk. In the meantime I think I'll review the two or three cases undergirding the federales prerogatives regarding social security ~

56 posted on 06/18/2012 10:55:09 AM PDT by muawiyah
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