Replies

To: MostlyAnti-Lib

IS THE SOCIAL SECURITY LOCKBOX A MYTH?

Are you high? Is the Pope Catholic? Is snow white?

2 posted on 01/15/2011 10:27:45 AM PST by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))

Since the SS Trust Fund is tied up in US Government bonds, its as safe as any other investment in US Government bonds. And lots of people (including wealthy investors), funds, companies (including banks), and countries own US Government bonds. They are also to some extent liquid, because the Government can refinance that debt when the SS Trust Fund cashes it in.

Rather than default, the Government can keep printing money and pay off the debt with worthless dollars. The fact is that if the USG defaults, it will trigger a world-wide economic apocalypse. There will be bigger problems than SS (as old people probably won’t make effective rioters).

Or am I missing something here?

10 posted on 01/15/2011 10:37:31 AM PST by rbg81 (When you see Obama, shout: "DO YOUR JOB!!")

Are you high? Is the Pope Catholic? Is snow white?

Do most British evangelicals say that Jesus is the only road to God?

55 posted on 01/15/2011 1:45:18 PM PST by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)

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