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Reply #17: Like the bills in your wallet? [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

underpants

(1000+ posts) Send PM | Profile | Ignore

Sun Jan-30-05 05:22 PM
Response to Reply #14

17. Like the bills in your wallet?

Those are treasury notes too. Are you willing to part with them? Are they "worthless"?

If the US government defaults on the SS Treasury notes they whole thing falls apart and I mean the whole economy. We trust paper in this country (as do others) like deeds and car registrations and the like.

In response to your post above-all of the proposals included using surpluses to sure up social security. You are right SS is not in the budget so those surpluses didn't include SS outlays.

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