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Recursion

(56,582 posts)
31. Because that's $800 billion leaving the Treasury this year
Mon Mar 4, 2013, 04:27 PM
Mar 2013

If no payments were made to SS beneficiaries this year, the Treasury would have needed to borrow $800 less than it did. Actually if we did that this year, the deficit would go down but the net debt would go up; I was thinking about 20 years down the road.

I send an email to the White House at least once a week about this and I'm sure Cleita Mar 2013 #1
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
Yes, we have to borrow money or raise taxes for jobs programs... TheProgressive Mar 2013 #27
Seems to me that they are trying to make this country dysfunctional Cleita Mar 2013 #28
Exactly... and not only trying, but succeeding...nt TheProgressive Mar 2013 #29
I've noticed...but I can't figure out why jobs are seldom if ever discussed. onpatrol98 Mar 2013 #36
Having more jobs, or higher pay for the same jobs, would solve a lot Recursion Mar 2013 #38
SS has NOTHING to do with the budget, debt, nor deficit Angry Dragon Mar 2013 #2
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
And my point is that you are comparing apples and bombs Angry Dragon Mar 2013 #16
It would reduce the deficit to stop all SS checks Recursion Mar 2013 #17
How?? Angry Dragon Mar 2013 #20
Because that's $800 billion leaving the Treasury this year Recursion Mar 2013 #31
Wrong. Payment into the system pays all earned benefits... TheProgressive Mar 2013 #26
The SS checks come from the treasury. If it were writing $800 billion less in checks... Recursion Mar 2013 #30
Sorry, but you are incorrect... TheProgressive Mar 2013 #33
Because currently levies + interest payments exceed payouts Recursion Mar 2013 #35
No, thats incorrect as well. TheProgressive Mar 2013 #44
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
AAA Munis are as safe as Treasury bonds IMHO. Cleita Mar 2013 #15
There is zero risk with US Treasuries and the only option in my opinion... TheProgressive Mar 2013 #19
I used to think so, but apparently we can default on the debt and almost have Cleita Mar 2013 #21
Yes, thanks to republicans who want to destroy America... TheProgressive Mar 2013 #24
EDIT: sorry for misreading you Recursion Mar 2013 #37
Do you watch the news at all? We almost defaulted when the fiscal cliff crisis Cleita Mar 2013 #41
My mistake; I misread you Recursion Mar 2013 #42
You have that backwards. jeff47 Mar 2013 #9
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
According to our constitution, the government is the people. Cleita Mar 2013 #18
No, according to the Constitution the people ordained and established the form of government Recursion Mar 2013 #34
What part of "we the people" don't you get? n/t Cleita Mar 2013 #39
It's the first sentence Recursion Mar 2013 #43
And what part of "of the people, by the people and for the people" don't you get? n/t Cleita Mar 2013 #46
That's the Gettysburg Address (nt) Recursion Mar 2013 #49
Oh, fer Chrissakes. Yes, it's a quote by Abraham Lincoln, who as President understood what Cleita Mar 2013 #51
Wrong... SS money is the People's money. TheProgressive Mar 2013 #22
I know what FICA is Recursion Mar 2013 #32
Well, neither does your life insurance. Cleita Mar 2013 #45
And it might have made more sense for SS to be an insurance system, but it's not Recursion Mar 2013 #48
It is an insurance, a retirement insurance. Don't you get it? Cleita Mar 2013 #50
kr HiPointDem Mar 2013 #4
Like wise,been sending E-mails to the White House, Wellstone ruled Mar 2013 #5
Well, the truth is pretty clear by now. woo me with science Mar 2013 #13
Except to that faction who would praise Him for eating puppies on live TV kenny blankenship Mar 2013 #23
And, tell us that the puppies should be grateful for the favor. Tierra_y_Libertad Mar 2013 #40
"Nobody gives a crap about your life" Fuddnik Mar 2013 #55
And don't forget the best of all... MannyGoldstein Mar 2013 #58
I'm with you, The Progressive. JDPriestly Mar 2013 #52
Wealth Inequality moreland01 Mar 2013 #53
Close Loopholes On Salary DallasNE Mar 2013 #54
Not everything sent to the Congressional Budget Office MineralMan Mar 2013 #56
The report did not state who requested it... TheProgressive Mar 2013 #61
Well, Obama did not. MineralMan Mar 2013 #62
Not that it is important, but how do you know it was not Obama? TheProgressive Mar 2013 #63
If I'm not mistaken, all analysis requests to the MineralMan Mar 2013 #64
Theft blkmusclmachine Mar 2013 #57
In both campaigns Obama promised to raise the cap spedtr90 Mar 2013 #59
The bottom line here is... dtom67 Mar 2013 #60
kick woo me with science Mar 2013 #65
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