Rshermr
VIP Member
Perhaps, me boy, a simple link to a source that suggests you are correct that "they" have been raping ss since the 60's. Dipshit. You post information that says no such thing. and then say it says something that it does not You look delusional to anyone reading your drivel.What part of "there is NOTHING of value in the SS Trust Fund don'tcha now understand?
You're stupid assertion that this is DEBT NEUTRAL is truely just zealot denial..
It's about the same as blowing the rent money on losing lottery tickets, putting the rent on your credit card and CLAIMING that was "debt neutral" and didn't cost you a penny because you were EXPECTING the debt to occur.. You just ignored it and acted irresponsibly.
There is nothing of value in the Trust Fund.. NOT EVEN REAL DEBT INSTRUMENTS.. Just an accounting entry and a promise.. And it has been ADDING TO OUR National Debt for years before YOU even realized it was happening..
Spare me the snooty lectures..
And I'll address this as well. Fuck you and the horse you rode in on first.
I've been posting all over these threads that the Gov't has Raped the Funds. Hell they've been doing so since the 60's. Which is why we have Intragovernmental debt. They spent it and put a stack of IOU's into this catagory.
My point is on the Debt Ceiling and how they are Fear Mongering that it will not get paid if we don't open Gov't. I say that's BS, because of how the DEBT IS FUCKING ACCOUNTED FOR.
And my point there is SPOT ON. Not that they haven't spent the damn funds already.
You really can not be so stupid as to not understand intergovernmental debt, can you. Certainly looks like it is beyond you. It is a simple thing. It is treasury securities that are purchased by various government agencies. Including the social security administration. So, the trust funds set up to hold ss surplus revenues hold special treasury securities. Now, me boy, that would be because it is much safer to hold federal securities than cash. Putting the cash under the ss mattress would be a bad thing.
So, those ss trusts hold federal securities. Which you claim are worthless. But, me boy, each and every time they sell those securities they get the value they paid for those securiities back again. Plus some amount of interest. Every single time they want to do so, they do so. And they never, ever are told that the funds are empty and they can not get their value back.
Sorry you find this so difficult to understand. People in the rational world have no problem with it. It is simply a standard securities transaction. Maybe you should take up something simpler.
Relative to shutting down the gov, or part of it, you are again unable to understand something so simple. Please, me boy. Enlighten me. Find a source that supports your hypotheses. Because only you know what you are talking about.