Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: sickoflibs

Need to parse!

I don’t know.

Does the $14 trillion federal debt include the value of all the social security funding that has been diverted to the current spending account, all of the IOU’s that are held by the SS administration against the Federal Government???

Now, we all know that whenever there is less SS tax collected than is disbursed, the SS fund needs to cash in one of its many IOU’s, asking for cash that the FED doesn’t have. And Zer0, the rats and the pubbies have even succumbed to rape current SS inflows by collecting less SS taxes in 2011 for some idiotic program to add $10 dollars to the non income tax-payers net payroll check.

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??

In any event, cash needs to be provided from somewhere, ‘cause there ain’t no lockbox; there ain’t no Federal cash sitting in Ft. Knox; we’re borrowing 40% of the Federal expenditures from somewhere, so somehow the payout of SS is impacting cash flow, regardless of Obamanaomics, Goreisms, or Bushites.

Which of you can help to explain Governmental accounting??


8 posted on 07/12/2011 9:04:59 PM PDT by Noob1999
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Noob1999
Does the $14 trillion federal debt include the value of all the social security funding that has been diverted to the current spending account, all of the IOU’s that are held by the SS administration against the Federal Government???

Short answer, yes. The $14 trillion number includes public and private (IOU) debt combined. It's called private debt, but it just refers to money that the government owes itself.
13 posted on 07/12/2011 9:40:05 PM PDT by andyk (Interstate != Intrastate)
[ Post Reply | Private Reply | To 8 | View Replies ]

To: Noob1999
RE :”Does the $14 trillion federal debt include the value of all the social security funding that has been diverted to the current spending account, all of the IOU’s that are held by the SS administration against the Federal Government???

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.

15 posted on 07/12/2011 9:44:34 PM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson