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View Diary: LIVEBLOG: Progressive statements opposing Social Security benefit cuts (204 comments)

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  •  People still don't get the special bonds (9+ / 0-)

    The only way that social security won't be funded is if the government defaults on the special bonds issued.  That has never happened in our history.  If it ever did, it would be financially as destructive as defaulting on a treasury bill.  There would be a world wide economic panic.  So, it won't happen unless the asshole right wingers force it to happen by not allowing the government to pay off it's bills.

    "The real wealth of a nation consists of the contributions of its people and nature." -- Rianne Eisler

    by noofsh on Tue Dec 18, 2012 at 09:09:03 AM PST

    [ Parent ]

    •  even that explanation is a bit of a vacuum... (1+ / 0-)
      Recommended by:
      Jeffersonian Democrat

      what does it mean? special bonds? you see, my grade school friend would use this a proof that SS will crash the gov't and is a program we can't afford... even though we have paid for this money out of every paycheck.

      do you see what i mean? it isn't the special bonds as much as why the gov't issued them... how our money is represented in those interesting bearing bonds... and how the SS trust fund is managed.

       

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