Quote:
Originally Posted by Riot
Where have you been the past 20 years?
Cash flow? We borrow, we sell, we work the books? You know, as the Treasury hasn't been permitted to borrow since we hit the debt ceiling limit in May? And has been "working it" while Congress was stupid? And that's why we only have a few billion on hand?
Really? You don't watch interest rates, huh? 
OHMYGAWD, OH ... wait, no, we have not been "ripped off" 
That's what we do now Which investments are covered by law, always have been. |
When $3.6 trillion in cash is in a fund and there's nothing but credits, no actual PURCHASED/PAID FOR T-bills we've been ripped off!
You think or make believe the flooding the market with $3.6 trillion in new issue bonds wouldn't reduce the interest rate given and would be gobbled up?
One thing we can agree on is we have been working the books. So did Ponzi. Let Obama fund the SS fully, not with credits but with actual paid for bonds (on the books) and I promise he has my vote.
You just can't understand that granny's cash is long gone, paving a road, bailing Freddie/Frannie, Iraq. What we do know is not a cent will be taken because of FAA furloughs and in fact will save money. If this 'cash' was used to purchase 'actual' bills there wouldn't have been the wasted $3.6 Trillion.
Simple the SS tax should not be mixed with the general fund. It's the people's; who contributed in the form of SS tax money, not anyone else's!