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View Diary: House Dems to Obama: No Social Security cuts (265 comments)

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  •  It could only pay all benefits (0+ / 0-)

    until 2039 if the "full faith and credit" of the U.S. government makes good on the T-bills that were 'borrowed' from the trust fund. Right now, it looks like the government may want to default.

    If our govenment defaults on us first - before the Chinese, the Japanese, the Europeans and the Saudis who own most of the rest of our debt - then our government is done. Kaput. Non-existent. We should think about instituting another one, and NOT making citizens of crooked multinational corporations this time.

    Now, more than ever, we need the Jedi.

    by Joieau on Thu Sep 02, 2010 at 04:44:14 PM PDT

    [ Parent ]

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