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MiniMe

(21,883 posts)

11. The problem is that Social Security is the biggest holder of t-bills

Reply to ProSense (Original post)

Wed Dec 19, 2012, 12:27 PM

Dec 2012

The government started borrowing against Social Security in the 80's, or somewhere around that time period, and they will have to start paying what they borrowed back. So they will have to borrow from somewhere else to start paying it back. So the only way it ties into the debt is because Social Security wants to get their investment back.

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"Social Security is not currently a driver of the deficit. That's an economic fact." [View all] ProSense Dec 2012 OP

True that. The drivers of the deficit are the Bush recession and the invasions and occupations byeya Dec 2012 #1

So why is it on the table?? kentuck Dec 2012 #2

Because it's the plan: jsr Dec 2012 #4

Because it's still spending, so it makes the deficit go down to cut it Recursion Dec 2012 #6

Here: ProSense Dec 2012 #8

Yep. That's what I said Recursion Dec 2012 #9

You keep saying that and people keep trying to tell you that you do not make sabrina 1 Dec 2012 #13

You keep saying that like I'm talking about the morality of it Recursion Dec 2012 #14

If we RAISED benefits and raised the cap, SS could substantially contribute to the economy. librechik Dec 2012 #3

Smart post. But, THEY don't want this because it would undermine the deception byeya Dec 2012 #5

yes indeed--we need to rise up and speak--they really pay attention when we do! librechik Dec 2012 #10

It messes up the longer term projections for trust fund solvency though. dkf Dec 2012 #7

The problem is that Social Security is the biggest holder of t-bills MiniMe Dec 2012 #11

If your going to fail to stiff one of your creditors (the USA has many), grahamhgreen Dec 2012 #12