General Discussion

ronnie624

(5,764 posts)

11. Your post makes no sense to me.

Sat Apr 28, 2012, 02:05 AM

Apr 2012

The value of U.S. treasury bonds derives from the publicly traded market. The 'value' of "special issue securities" does not. Their 'value' derives from a treasury that is 15 trillion dollars in debt. The Social Security trust fund was not supposed to come from the general fund. Is was supposed to be a surplus that was specifically set up to fund Social Security and nothing else, and by law, it was supposed to be held in the form of U.S. Treasury Bonds, which it is not. "Special issue securities" have no value.

Why do I say this? Because it's true.

Me, a right-winger? Please.

You need to do some reading. And so do I.

Good night.

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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