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View Diary: New anti-social security ad (304 comments)

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  •  Please don't use the word IOU (none)
    The word IOU softens it like its between friends.  These are legal Treasury Bonds.  Should the federal government reneg on its obligation to pay those who buy government bonds?  Should the federal government CONFISCATE the money people have paid from their WAGES in good faith?  These are not IOU's.
    •  Wishful thinking on your part! (none)
      Many if not most economists, do not consider intragovernment agency debt to be a real part of the national debt in the eyes of the law.  That is just the way it is.  It is similar to how debt would be treated in a joint ownership agreement of all assets with rights of survivorship.

      Political censorship is the root of all evil! It is the antithesis to a functional democracy!!

      by truthbetold on Fri Jan 14, 2005 at 01:51:07 PM PST

      [ Parent ]

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