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?
This thread is posed as an issue for the debates between the Senatorial candidates. I want these questions asked so I can see the likes of Boxer and Reid squirm away their answers.
It will be quite revealing.
Granted, we’re screwed. Who is the more responsible party? The D’s set a scenario that the R’s had to somewhat follow if they wanted to hold even one office.