General Discussion

AtheistCrusader

(33,982 posts)

10. Almost 3 trillion in intragovernmental debt.

Mon Nov 4, 2013, 12:03 PM

Nov 2013

The people didn't borrow against it. The Congress did. And they have to pay it back.
Problem is, we have to pay it back via taxes to the federal government, which must then in turn pay back SS.

This was what Al Gore's 'lock box' was intended to prevent, and nobody 'got it'. Now the only 'insolvency' related to SS is the possibility that the Federal Government might fail to pay it back, for instance, in a debt ceiling shenanigan fest.

Social security isn't a freebie, or a free rider. That's OUR money, taken directly from our paychecks, and put into an insurance system that was NEVER intended to be borrowed against.

"And now they're coming for your Social Security money. They want your fucking retirement money, they want it back, so they can give to their criminal friends on Wall Street. And you know something? They'll get it. They'll get it all from you sooner or later."

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For DU members, the answer is almost certainly "yes". [View all] Scuba Nov 2013 OP

Yeah, to the tune of $2.7 trillion. nt bluedeathray Nov 2013 #1

No worries...get rid of the debt... Sancho Nov 2013 #2

Great start! daleanime Nov 2013 #7

They could start by selling off the hundreds of military golf courses around the world. Enthusiast Nov 2013 #26

But how does that make filthy rich people richer, which is the most important valerief Nov 2013 #46

k/r marmar Nov 2013 #3

There are DUers who propagate the far right myth that SS is insolvent and must be cut Doctor_J Nov 2013 #4

Conservative democrats...small contingent BUT NorthCarolina Nov 2013 #5

I wouldn't say they're that small DissidentVoice Nov 2013 #8

You're confusing numbers of People with numbers of dollars. Scuba Nov 2013 #9

Standing on a wallet can make someone look much larger than life n/t Fumesucker Nov 2013 #29

Well, the conservadems are entitled to their opinions...but not to their facts Doctor_J Nov 2013 #21

It's the same group that approves insurance mandates? What a crock. pnwmom Nov 2013 #23

They favor the TPP too. Enthusiast Nov 2013 #27

Yes, there are a few DUers who support the Chained CPI, the deceptive attempt sabrina 1 Nov 2013 #44

yes and the Social Security has done a lousy job of getting it out. gopiscrap Nov 2013 #6

Almost 3 trillion in intragovernmental debt. AtheistCrusader Nov 2013 #10

K&R stage left Nov 2013 #11

You're welcome. And a (slightly belated) welcome to DU too!! Scuba Nov 2013 #12

Thanks stage left Nov 2013 #16

Welcome to DU stage left!!! blue14u Nov 2013 #40

Thanks, blue14u stage left Nov 2013 #45

Somehow someone needs to stop the raiding of the SS treasure chest Packerowner740 Nov 2013 #13

kinda silly hfojvt Nov 2013 #14

Not entirely. Some of the federal goverment is funded by corporations and stock owners. Scuba Nov 2013 #15

K & R. dchill Nov 2013 #17

This President explained that clearly. bvar22 Nov 2013 #18

+ Eighty Gazillion Scuba Nov 2013 #19

that clip should be replayed over and over... druidity33 Nov 2013 #34

Did you know that Republicans who claim the Social Security fund is "filled with IOUs",... Spitfire of ATJ Nov 2013 #20

Time to shut down the corporate thieves in both parties. nt woo me with science Nov 2013 #22

Kicked and recommended. Uncle Joe Nov 2013 #24

I think that even most thick-headed LibDemAlways Nov 2013 #25

China!!!!! angrychair Nov 2013 #28

The graphic in the OP is not entirely accurate. Jenoch Nov 2013 #30

good catch Divine Discontent Nov 2013 #33

Well, we do have to make a critical budget policy choice with respect to SS. Warren Stupidity Nov 2013 #31

these kind of posts Divine Discontent Nov 2013 #32

It often surprises me how conservatives hate Obama's "socialized medicine"plan ... spin Nov 2013 #35

There are two kinds of government debt. cheapdate Nov 2013 #36

Actually, most of those discussing the debt work hard to conflate the two. Scuba Nov 2013 #37

Yes, there are many tricks and outright falsehoods that are used to confuse the discussion. cheapdate Nov 2013 #38

Once again, Scuba, K & R! mother earth Nov 2013 #39

HUGE K & R !!! - Thank You !!! WillyT Nov 2013 #41

Not only does the federal government not fund SS, but Curmudgeoness Nov 2013 #42

They only thing we should allow them to do to SS is increase funding to it. You are absolutely liberal_at_heart Nov 2013 #43