Posted on 02/08/2023 6:53:54 AM PST by SeekAndFind
How about instead “the govenrment COULD stop,getting taxes sent to them for a time”?
[[Whenever there’s any talk of spending restraints the liberals immediately trot out their threats of draconian cuts to services]]
But the arts and PBS and ilk will continue ue to get $$
Is that not the case?
If it is, wouldn't a failure to pay the SS fund would constitute a default on Treasury Bonds?
The Social Security “Trust Fund”:
So—you have to watch the con man’s hands very carefully as he moves the shells around on the table.
The peas under the shells are “Special Obligation Bonds”.
They are debt owed to the US government, not assets.
You got that?
So—there is no “money” to take from “the fund”.
Welcome to the crazy world of .gov.
They come out with those same ole scare tactics every time they want to pass a monstrosity tax-and-spend bill, raise the debt ceiling, etc.
It won’t be long before they are whining about the potential for a GOVERNMENT SHUTDOWN.
Same ole tactics, same ole playbook.
Vaccines are the solution to underfunded liabilities. Take your boosters to “do your part” for the team!
“Somebody needs to tell these people 50 years behind the times that there are literally NO Social Security checks mailed out. It’s all mandatory direct deposit.”
Friend received checks all last year.
Are you saying that Special Issue Bonds (that’s what they are called IIRC) are not backed by the Government?
Yup—I keep waiting for the Public Service Announcements with smiling old people holding their hands up high together with an American flag, a rainbow flag and a United Nations flag behind them.
“Senior citizens—Save the planet. Save Social Security and Medicare.
Do it for the children of the world.
Get your booster today!”
I am saying that they are non-marketable securities that the government owes to itself.
If you take a dollar out of your left pocket and put it in your right pocket does that mean you are not backing it?
There is no there there.
This is magic.
Welcome to “government finance”.
Betcha Yellen doesn’t rely on HER Soc Sec checks for survival.
MANY of us on SS NEVER worked on jobs where pensions were available....and we worked for $1.30 an hour —if that-—on our first full time jobs.
I wouldn’t be surprised to see these sleazeballs stop paying out Social Security, and then have their media stooges blame it on Republicans.
It's their latest "money laundering" scheme most of which ends up in the pockets of the schemers.
They say 65% of Americans are living paycheck to paycheck...gotta assume that includes SS checks too.
You and I paid into the SS trust fund and the government took our monies and put securities in their place. So they took our monies out of one pocket and put it in their General Fund. The securities they put in our fund may not be marketable--that's irrelevant for the most part--but they are backed by the full faith and credit of the U.S.
I don't know if Yellen was speaking of a cash flow shortfall, but the SS fund is full of securities that, though not marketable, are mortgageable (i.e., they can be used as collateral).
On top of that, if the U.S. government refuses to redeem those securities at maturity, that would constitute a default of a government obligation. This is quite unlike an "implicit" government obligation a la Fannie Mae (i.e., no real obligation).
Because they are intentionally gaming the system for a desired outcome.
Gaming the system...can be defined as using the rules and procedures meant to protect a system to instead, manipulate the system for a desired outcome.
A crisis often leads to a rebuilding or reconfiguring of established systems. If the U.S. is to keep up with Agenda 2030, it must have systems in place that can collaborate on a global scale. The current Social Security system is likely dated and obsolete, compared with similar systems in other countries.
There are theories about the social order - some going back decades - that are coming to fruition in our time.
Government by algorithm (Wikipedia)
In 2006, attorney Lawrence Lessig, known for the slogan "Code is law", wrote: "[T]he invisible hand of cyberspace is building an architecture that is quite the opposite of its architecture at its birth. This invisible hand, pushed by government and by commerce, is constructing an architecture that will perfect control and make highly efficient regulation possible."
Cyberocracy (Wikipedia)
While the outcome or the results of cyberocracy is still challenging to identify, there are those who cite that it will lead to new forms of governmental and political systems, particularly amid the emergence of new sensory apparatuses, networked society, and modes of networked governance.
American seniors might not get their Social Security checks, but the millions of illegals won’t miss a welfare check or be booted out of their free housing
This is a head fake by the DNC to try and get something out of the GOP.
Something has changed since the House Speaker battle.
“solutions that would be a win win”
The time for solutions that would be a “win win” was 20 years ago. It’s too late for those now.
They replace it with IOUs.
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