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View Diary: Should Americans Forgive the $2.5 Trillion Borrowed From Social Security? (181 comments)

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  •  Short answer, No! (0+ / 0-)

    No, no, no!!!! And it's time that the money deposited in the Social Security accounts be locked away and not borrowed against.

    To the world you are one person. To one person, you are the world.

    by p a roberson on Mon Dec 03, 2012 at 03:34:25 AM PST

    •  That's actually a really bad idea (2+ / 0-)
      Recommended by:
      p a roberson, TacoPie

      Taking this much money out of the economy hurts it, because it's money that could and should be used to keep it functioning as close to capacity as possible. And if it were "locked away", more money would likely be printed to replace it in the economy, leading to inflation, devaluing the money in it.

      Obviously, we should be smarter and wiser about how we spend this money than we have been, in ways that will ultimately generate enough economic activity to justify such spending. Like, on schools, roads, green energy, etc., and not wars or tax cuts for the rich. But it does need to be spent.

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Mon Dec 03, 2012 at 06:48:42 AM PST

      [ Parent ]

      •  How about if the money were to be used... (0+ / 0-)

        for infrastructure, education, etc.

        Much like what you would use a credit card for, something durable and not expendable. No using the money to fund wars or to loan to other countries, but to build roads, schools, electrical grid in this country. That I could accept, none of this "slush fund" antics that have gone on before.

        To the world you are one person. To one person, you are the world.

        by p a roberson on Mon Dec 03, 2012 at 10:53:46 AM PST

        [ Parent ]

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