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

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  •  Unfortunately, lots of Democrats who putatively (4+ / 0-)
    Recommended by:
    WheninRome, JohnnySacks, 84thProblem, DvCM

    want to protect SS say the same thing. It's a meme that needs to be retired.

    Non enim propter gloriam, diuicias aut honores pugnamus set propter libertatem solummodo quam Nemo bonus nisi simul cum vita amittit. -Declaration of Arbroath

    by Robobagpiper on Mon Dec 03, 2012 at 05:44:43 AM PST

    [ Parent ]

    •  Money = a commodity is also a meme that needs (7+ / 0-)

      to be retired.

      Talking as though we're still on the gold standard has great political advantages for the plutocrats.

      Fiat money is not a thing.  It's a unit of account, like inches or miles.

      What would it mean to say that X owes Y some inches or some miles?  

      That it's money owed to the US by the US makes such talk even more odd.

      "Yikes, I owe myself money."  Whatever.  But especially since I also have a money making machine.

      "Yikes, I owe myself money, which I create at will, whenever I want to and in any amount."

      Yep.  That's a real problem.

      No wonder we can't concentrate on the little, tangible things like good jobs and a burning planet.

      •  Funny, the Fed probably could buy the General (2+ / 0-)
        Recommended by:
        katiec, DvCM

        Account Series held in the trust funds.

        "Those who deny freedom to others, deserve it not for themselves." - Abraham Lincoln

        by leftreborn on Mon Dec 03, 2012 at 08:22:27 AM PST

        [ Parent ]

        •  It could also just simply fund SS directly. Not (1+ / 0-)
          Recommended by:

          saying that this would be better.  Just that it's possible.

          And this possibility is one that should be well known.

          The issue is never what the Fed Gov can "afford", it can afford anything it wants to.  

          People really need to understand that the issue is not one of affordability, but whether the US has the real resources to take care of the elderly:  enough labor to build houses, make clothes, produce medicine, provide health care, etc....  and all those natural resources that go into making all those things.

          The answer so far is simply:  Yes.

          Where do we find the money?  On a computer key board.

          We really need to be thinking much bigger regarding our economy -- what we want out of it, etc....

          And stop treating each and every issue as though there's a limited amount of money that everyone's competing over.

          Fighting over inches makes no sense.

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