HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Ultra Low Interest Rates ... » Reply #50

Response to eniwetok (Reply #9)

Wed Mar 30, 2016, 10:41 AM

50. "Lent and spent". It's gone. Every penny comes from increased taxes

 

The obligations exist whether or not the trust exist. The funds to pay those obligations comes from increased taxes (or decreased services) either way.

The trust is an accounting fiction to shift the tax burden onto working class Americans.

Money is fungible. The SS obligations are unchanged. The funding source for those obligations is unchanged. It's trivial to discuss whether the interest rate is high enough when every penny comes from new taxes (and/or austerity).

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 57 replies Author Time Post
eniwetok Mar 2016 OP
TrueDemVA Mar 2016 #1
eniwetok Mar 2016 #4
OnlinePoker Mar 2016 #6
eniwetok Mar 2016 #11
eniwetok Mar 2016 #54
OnlinePoker Mar 2016 #57
Recursion Mar 2016 #38
1939 Mar 2016 #48
jeff47 Mar 2016 #2
eniwetok Mar 2016 #12
Major Nikon Mar 2016 #14
eniwetok Mar 2016 #23
Major Nikon Mar 2016 #25
jeff47 Mar 2016 #17
eniwetok Mar 2016 #24
jeff47 Mar 2016 #30
eniwetok Mar 2016 #40
jeff47 Mar 2016 #41
Recursion Mar 2016 #39
Fuddnik Mar 2016 #3
eniwetok Mar 2016 #8
-none Mar 2016 #35
Taitertots Mar 2016 #5
eniwetok Mar 2016 #9
FBaggins Mar 2016 #15
eniwetok Mar 2016 #37
LineLineLineNew Reply "Lent and spent". It's gone. Every penny comes from increased taxes
Taitertots Mar 2016 #50
eniwetok Mar 2016 #52
Taitertots Mar 2016 #53
eniwetok Mar 2016 #55
eniwetok Mar 2016 #56
FBaggins Mar 2016 #7
eniwetok Mar 2016 #10
FBaggins Mar 2016 #13
eniwetok Mar 2016 #19
FBaggins Mar 2016 #34
eniwetok Mar 2016 #42
eniwetok Mar 2016 #22
Hoyt Mar 2016 #28
eniwetok Mar 2016 #43
FBaggins Mar 2016 #33
eniwetok Mar 2016 #21
FBaggins Mar 2016 #32
eniwetok Mar 2016 #44
Wounded Bear Mar 2016 #16
eniwetok Mar 2016 #20
Wounded Bear Mar 2016 #27
Hoyt Mar 2016 #29
jeff47 Mar 2016 #31
eniwetok Mar 2016 #45
strategery blunder Mar 2016 #47
Omaha Steve Mar 2016 #18
WhiteTara Mar 2016 #26
eniwetok Mar 2016 #36
Wounded Bear Mar 2016 #46
sendero Mar 2016 #49
GoneFishin Mar 2016 #51
Please login to view edit histories.