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To: conservatism_IS_compassion

I was being facetious, of course. The hard truth is that someday the government will have to crank up the printing presses to pay interest on the debt and also to redeem the “Baby Boomer” Social Security IOU’s that the Treasury issued for surplus FICA taxes collected and immediately spent by those horrid congressional mealy mouths.


18 posted on 10/09/2007 8:59:17 AM PDT by trane250
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To: trane250
the government will have to crank up the printing presses to pay interest on the debt and also to redeem the “Baby Boomer” Social Security IOU’s that the Treasury issued for surplus FICA taxes collected and immediately spent
The only good news on the SSTF front is that the tax liability of the IRAs of Retirement Boomers constitutes a significant savings pool toward the redemption of the "Trust Fund" IOUs . . . which becomes a major incentive for the government to make sure that the IRAs of the Boomers prosper.

20 posted on 10/09/2007 11:03:48 AM PDT by conservatism_IS_compassion (The idea around which liberalism coheres is that NOTHING actually matters except PR.)
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