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View Diary: Hell, No! Social Security Contributes Nothing To Deficit (119 comments)

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  •  debt to the public (0+ / 0-)

    You just said it yourself "the government replaces debt to Social Security with debt to the public.  "

    In other words, the government will have to borrow money from the public in order to pay social security. Money which has to be paid back. In other words, social security contributes to the deficit.

    •  Debt to SS has to be paid back too (0+ / 0-)

      Otherwise it's sovereign default, same as if it were public debt.

      You seem to be stuck on this idea that when the debt (to Social Security) is repaid somehow the debt (to Social Security) is not reduced, while the same doesn't apply to debt held by the public for reasons which will occur to you later.

      If I'm charitable then I'll presume that you're simply too used to seeing the deficit figures of combined budgets - that were introduced by LBJ - which fail to count the increasing government debt to SS towards the headline deficit figure.

      Fake candidates nominated by the GOP for the recalls: 6 out of 7. Fake signatures on the recall petitions: 4 out of 1,860,283.

      by GeoffT on Tue Apr 09, 2013 at 05:47:28 PM PDT

      [ Parent ]

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