General Discussion

HiPointDem

(20,729 posts)

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

Fri Apr 27, 2012, 01:56 PM

Apr 2012

have *always* been replaced with money from the general fund, whether they were "marketable" or "special issue". SS bonds have *never* been placed on the open market for redemption.

So that whole issue is a red herring. The only issue is whether the PTB will redeem the bonds. Except that they redeem SS bonds nearly every bloody day.

If you're worried that they plan to *not* redeem them at some point in the future, then using the R-wing talking point "they're worthless special interest bonds" is not a wise strategy to block that move.

So I wonder why you're using 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