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In reply to the discussion: Hmmmm.... Mar 1, 2013 CBO Report on Chained CPI [View all]Cleita
(75,480 posts)15. AAA Munis are as safe as Treasury bonds IMHO.
The only thing not safe about them is that they are bearer bonds and if stolen can be cashed by anyone. However, doesn't the Treasury Department have vaults to store them in? I really think one of our progressive Senators needs to challenge that it can only be US Treasuries that SS is invested in.
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What really bothers me is that JOBS will solve all our economic and fiscal issues.
TheProgressive
Mar 2013
#3
In order to do that we would have to borrow money to put FDR and Eisenhower style
Cleita
Mar 2013
#25
I've noticed...but I can't figure out why jobs are seldom if ever discussed.
onpatrol98
Mar 2013
#36
Well, actually that $2.7 T in the trust Fund is part of the National Debt.
TheProgressive
Mar 2013
#6
If you put SS and the military into the same sentence you are buying into the republican lie
Angry Dragon
Mar 2013
#7
Whoa hold on... I know and wrote that SS has nothing to do with the budget or...
TheProgressive
Mar 2013
#11
The SS checks come from the treasury. If it were writing $800 billion less in checks...
Recursion
Mar 2013
#30
I think you're missing Greenspan's neat trick: bond purchases by the SSA are not "deficit"
Recursion
Mar 2013
#47
It's not. The capital is invested in Treasury Bonds which makes it seem like that
Cleita
Mar 2013
#8
But, by law they have to be invested in the safest investments in the world... US Treasuries.
TheProgressive
Mar 2013
#12
There is zero risk with US Treasuries and the only option in my opinion...
TheProgressive
Mar 2013
#19
Yes and the SS fund is owed that money from the Treasury, not the other way around. n/t
Cleita
Mar 2013
#10
But Congress sets the rate at which the Trust Fund spends its money to beneficiaries
Recursion
Mar 2013
#14
No, according to the Constitution the people ordained and established the form of government
Recursion
Mar 2013
#34
And what part of "of the people, by the people and for the people" don't you get? n/t
Cleita
Mar 2013
#46
Oh, fer Chrissakes. Yes, it's a quote by Abraham Lincoln, who as President understood what
Cleita
Mar 2013
#51
And it might have made more sense for SS to be an insurance system, but it's not
Recursion
Mar 2013
#48
Except to that faction who would praise Him for eating puppies on live TV
kenny blankenship
Mar 2013
#23