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To: zek157

I understand your cynicism, but if you read the legislation you’ll see that it is a matter of restricting the spending of SS funds.


14 posted on 10/19/2010 9:05:46 AM PDT by Loud Mime (It's the CONSTITUTION! www.initialpoints.net)
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To: Loud Mime

Understand it would have placed restrictions on SS entering the coffers, but that doesn’t negate the fact that the government is broke with a $13.6T total deficit and running $1T annual deficits into the future. We will be entering a long cold winter as soon as we begin failing bond auctions and paying substancially higher interest rates. The average maturity of our debt is 4.4 years meaning we not only have to sell more debt in the coming few years, but refinance what we have at substancially higher rates. The die has been cast and it will eat us alive.

At this point neither R’s or D’s matter. Got food?


18 posted on 10/19/2010 9:27:14 AM PDT by zek157
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