Posted on 02/15/2014 6:56:11 PM PST by NormsRevenge
Can you say “Asymptotic?’
Speaker “Doormat “ Boehner in a courageous Bigger Budget Action, BBA, last week must be so proud of his Loyal “bipartisan” support of Unlimited National Poverty Debt.
Just think, Boehner has been Loyal to increasing the National Poverty Debt for only 25 years - - - - . It has grown from a mere 2 Billion back then.
Let’s call it a Floor instead of Ceiling to save everyone’s time.
You've been suckered by that line. The ONLY debt that risks sovereign default is the actual DEBT. That is 6% of the annual budget. The ongoing revenues are sufficient to cover it. The only reason it wouldn't be covered is if a POLITICAL DECISION was made by OBAMA to not pay that 6%. Most of the "budget" is money being poured into social security and medicare. Defense amounts to about 18%.
The spineless cowards we sent to guard the people's money have instead allowed the little boy with the credit card to keep spending recklessly. The only end to this is a currency crash. Before that happens, you can expect a "bail-in" raid on your bank accounts and retirement accounts. Riots will follow. That is what the golfing gay boy wants so badly.
Just as "live to fight another day" only applies to battles that cause real death, caving in to the enemy to avoid a loss is not the same as a winning strategy - it is an easy win for the enemy. Liberals never let up, no matter how they are originally reacted to. Republicans take the initial bad feedback as a sign that they need to change their strategy and their convictions in order to not 'lose". Which side seems to be scoring most of the gains between Johnson and now?
The Social Security Administration's got close to $5 TRILLION in their trust fund.
They don't need a debt-limit increase to use that.
“Asymptotic”?
Or “exponential”?
Of course they’re stolen and spent already.
The point is that they can be redeemed without increasing the national debt; SSA tells the Treasury they are redeeming a bond, the Treasury issues one of their own to fund the SSA redemption, and the Fed “prints” the money to buy the Treasury bond.
No net change to national debt, no debt-ceiling problem
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