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@Greyparrot
The guarantees it provides...Like the guarantee that the SS trust fund will run out of money in 2033?
On this, I don't feel an ounce of shame repeating myself:
They don't have any wealth.
They don't have any wealth.
Treasury bonds are not wealth. It's a promise from the fed to print money (in practice given the constant of deficit spending).
When your only option to payout is to cause inflation that means your only option to payout is to steal.
If I claim to owe you $10, but the way I pay you $10 is to take $8 from you and $8 from your friend, then how have I helped?
If I claim to owe you $10, but the way I pay you $10 is to take $8 from you and $8 from your friend, then how have I helped?
Maybe I redistributed $2 from your friend to you but that is not a net benefit to the people.
While surplus Social Security funds are held in government bonds (which critics call IOUs), those bonds are backed by the U.S. government...
I wondered what you were responding to and then I ctrl-F to see your responding to the non-intelligence?
What is the point of that?
I did find this funny in the full quote
"While surplus Social Security funds are held in government bonds (which critics call IOUs), those bonds are backed by the U.S. government—just like Treasury securities held by private investors and foreign governments. If they are worthless, so is the entire U.S. financial system. "
Well it got that right rofl!
