To: blam
The SS trust fund has been looted and replaced with special treasury bonds (special IOUs in that honoring them does not take priority over repaying standard T-bills).
But the SSTF is still full of such IOUs and if that isn't a debt,than my mortgage isn't either,
But if it comes to paying seniors’ retirement or continuing to finance Plan Parenthood abortions there is no telling what the Marxist will do.
7 posted on
07/17/2011 3:05:02 PM PDT by
Happy Rain
("Sans Sarah-Bachmann's The One.")
To: Happy Rain
>"if it comes to paying seniors’ retirement or continuing to finance Plan Parenthood abortions there is no telling what the Marxist will do."You just haven't been paying attention. You know full well, which one he will fund.
Communism = Death.
30 posted on
07/17/2011 3:44:41 PM PDT by
rawcatslyentist
(It is necessary that a person be born of a father who is a citizen; ~Vattel's Law of Nations)
To: Happy Rain
But the SSTF is still full of such IOUs and if that isn't a debt,than my mortgage isn't either, The SSTF is part of the $14.3 trillion national debt. It is included under "Intragovernmental Holdings," as distinct from the publicly held debt. But it is still debt and counts against the debt ceiling.
37 posted on
07/17/2011 4:12:35 PM PDT by
kabar
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