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hay rick

(7,607 posts)

6. Alan Simpson's version of the 47%. Lesser people.

Reply to TrollBuster9090 (Original post)

Thu Dec 27, 2012, 09:29 PM

Dec 2012

Excellent summary of the fiscal cliff/Social Security funding scam in your post:

1. Borrow the money that's in it.
2. Run up a scary amount of debt elsewhere.
3. Then claim that one of they ways to get out of that debt would be to simply WRITE OFF the portion of the National Debt that we owe to OURSELVES (or to our senior citizens).

The real Social Security funding issue is cash flow. Having already spent the trust fund on tax cuts for the rich and unbudgeted wars (also known as "highways" according to Simpson), the powers that be find that sustaining current programs and paying promised benefits will require new borrowing or higher taxes. Screwing poor and middle class people is so much easier and better.

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Highlight:

Here's a soft lie that must be debunked before it gets off the ground! [View all] TrollBuster9090 Dec 2012 OP

What a jerk. zeemike Dec 2012 #1

The lesser people... you know former_con Dec 2012 #2

Simpson is a master of rhetoric appealing to the young and the poor, while simultaneously screwing TrollBuster9090 Dec 2012 #9

Overconfident, bragging thieves have earned... BlueNoteSpecial Dec 2012 #40

Frankly, I lost track of how many lies he told there. TrollBuster9090 Dec 2012 #13

Did I hear wrong??? Plucketeer Dec 2012 #32

Excellent analogy... you heard it right... former_con Dec 2012 #35

May I post your analogy elsewhere? n/t bitchkitty Dec 2012 #43

Sure thing! Plucketeer Dec 2012 #44

So customerserviceguy Dec 2012 #3

Presumably the same way ANY of our debt obligations will be redeemed. TrollBuster9090 Dec 2012 #8

I like many things about Simpson, but he has this thing about Social Security, Honeycombe8 Dec 2012 #4

Thanks for expressing this so clearly. h2ebits Dec 2012 #5

Thank you! There's an equally clear solution. Remove the payroll tax cap. TrollBuster9090 Dec 2012 #19

Alan Simpson's version of the 47%. Lesser people. hay rick Dec 2012 #6

In fact, we know what the attitude of the elites is. TrollBuster9090 Dec 2012 #20

Rick's Burgers, in Spokane, hasa Whammy, a Double Whammy, and a Triple Whammy. jtuck004 Dec 2012 #7

Hah! Good point. TrollBuster9090 Dec 2012 #11

The largest holder of U.S. debt is its citizens Samantha Dec 2012 #10

All very true! It's even MORE clever than Norquist's 'starve the beast' strategy. TrollBuster9090 Dec 2012 #30

Those "IOUs" are US Treasuries, the epitome of security. Zen Democrat Dec 2012 #12

Exactly. UNLESS somebody is trying to float the idea that money owed by STATE governments to TrollBuster9090 Dec 2012 #15

Then why did RWers mock Gore for the SS Lock-box idea in 2000? nt ErikJ Dec 2012 #14

Better yet...why did they elect THE SHRUB when Gore was promising to use Clinton's budget surplus TrollBuster9090 Dec 2012 #17

Sometimes so-called conspiracy theories are just the truth. savannah43 Dec 2012 #16

Well, I'm a bigger fan of Occam's Razor. TrollBuster9090 Dec 2012 #18

"Why assume conspiracy when incompetence will do?" FiveGoodMen Dec 2012 #38

If they decide not to honor the Treasuries that SS holds Angry Dragon Dec 2012 #21

Iceland style! I like it! TrollBuster9090 Dec 2012 #26

The Social Security trust fund wouldn't be full of IOUs WhoIsNumberNone Dec 2012 #22

Simpson is about as bright as Jessica. AAO Dec 2012 #23

We are at a point, where the choice is Social Security or defense, and he refuses to cut defense. happyslug Dec 2012 #24

The big Republican Lie, told by a Republican liar and sadly, repeated even here sabrina 1 Dec 2012 #25

The "IOU's" in the Social Security Trust Fund... jjewell Dec 2012 #27

Yes, that would certainly be true if the SS Trust fund asked for the money when the Bonds mature, TrollBuster9090 Dec 2012 #28

What a clear view hodger Dec 2012 #29

Thank you! TrollBuster9090 Dec 2012 #31

Fantastic post Left Turn Only Dec 2012 #34

Hows that song go? Plucketeer Dec 2012 #33

It's all in t-bills. Republicans default on one single t-bill Warpy Dec 2012 #36

The SS Trust Fund could provide a written statement (like a bank statement) of borrowers and DhhD Dec 2012 #37

Bonds to China joetubes Dec 2012 #39

IOUs? paleotn Dec 2012 #41

What a creep. Quantess Dec 2012 #42