The $ 14T is $11T in real debt and $3T in SS IOUs, I read someplace anyway. But we know SS will run through more than than 3T eventually so it's not like it's not going to cost that. Cutting SS and medicare would be like a congressman caught child molesting, in voters eyes, it seems,I also hear claims there is a Medicare trust fund.
RE “So, does this immediate SS payout cash need increase the Federal deficit? Or is it an intergovernmental transaction that is met by speeding up the Department of Engraving printing presses??”
That is the reason I posted this thread links. Regardless of who buys the US treasuries (Fed or investors) now, it's still National debt as shown here in this Obama threat to cut it off,
I appreciate the interest. Before I did the video above I used to do blog posts on the SS scam.
What ever happened to the good ole
US Savings Bonds? Dufuss Carter cancelled the program. Maybe US BONDS should be bought back?
One more for thought.....
HOW ABOUT 10% REDUCTION OF ALL GOVERNMENT EMPLOYEES AND THE ELIMINATION OF UNNECESSARY DEPARTMENTS?