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Reply #12: Only it doesn't have to pay it back all at once. They only need to purchase [View All]

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RaleighNCDUer

(1000+ posts) Send PM | Profile | Ignore

Mon Jul-25-11 11:48 AM
Response to Reply #1

12. Only it doesn't have to pay it back all at once. They only need to purchase

back such amounts as are necessary to bridge the gap between incoming SS receipts and outgoing payments - and that is a whole lot less than 2.7 trillion.

Put it this way. SS has $1000 in treasuries. SS has $99 coming in. SS needs to pay out $100. The government does not need to pay back the entire $1000. It needs to pay back $1, leaving $999 in treasuries.

So the deficit increases by $1.

Take that, plug in the real numbers, and you see there is no crisis. There is a blip, caused in insufficient revenue.

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