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Originally Posted by Danzig
something i found regarding ss, and borrowing by the fed:
As a result, Social Security now "owns" nearly 18 percent of the federal debt, making it the largest single holder of US debt. [/b]The government owes almost twice as much to Social Security as it does to China and Hong Kong.
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Wow. We are going to be in serious trouble, if we ever threaten to not pay ourselves back.
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failure of the fed to properly handle our overall budget isn't an indictment of the ss program. they are not mutually inclusive. borrowing from ss doesn't mean the program is a failure, it's an indictment of the overall thought processes of our politicians in washington.
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Well said!
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09-18-2011, 03:05 PM
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