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ronnie624

(5,764 posts)

9. It isn't a bond.

Reply to jtown1123 (Reply #8)

Fri Apr 27, 2012, 02:30 PM

Apr 2012

It is a "special issue" security. It must be replaced by cash from the general fund, which is depleted and in debt.

These are basic facts that people will have to deal with, sooner or later.

The fact of the matter is, the corporatists who control our government, intend to eliminate all social programs, and that includes Social Security. They will make certain that there is no way to fund it. Get ready for it.

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There is no Social Security Crisis [View all] jtown1123 Apr 2012 OP

Keep pounding that story tech3149 Apr 2012 #1

Actually, SS has a formula that lower income workers jtown1123 Apr 2012 #6

Kicked and recommended. Uncle Joe Apr 2012 #2

You're very welcome! jtown1123 Apr 2012 #5

The article is short on information. ronnie624 Apr 2012 #3

It doesn't matter. It's just debt owed to ourselves. jtown1123 Apr 2012 #4

They are not bonds. ronnie624 Apr 2012 #7

That's right wing propaganda. Claiming security treasuries are worthless is the same jtown1123 Apr 2012 #8

It isn't a bond. ronnie624 Apr 2012 #9

Yes, we *know* it has to be replaced with money from the general fund. Just as SS bonds HiPointDem Apr 2012 #10

Your post makes no sense to me. ronnie624 Apr 2012 #11

the value of us bonds comes from the strength of the us government & its capacity to HiPointDem Apr 2012 #12

Bonds represent investments in tangible assets, ronnie624 Apr 2012 #13

government bonds have no value independent of the existence of the government that issued HiPointDem Apr 2012 #14