Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Kansas58

Denial just ain’t a river in Egypt. Your are the one living in a fantasy land. I tried to educate you, but you prefer to wallow in your own ignorance. If there is no trust fund then why is it included in our $16.4 trillion national debt?


50 posted on 01/19/2013 8:29:37 PM PST by kabar
[ Post Reply | Private Reply | To 49 | View Replies ]


To: kabar
Take out a sheet of paper

Write:

I _________ Owe __________

$1,000,000.00 Dollars


Now?

Now write your name on BOTH lines.

Take this paper to the bank and tell them you are a “Millionaire” and see if you can borrow against it!
____

By the way, you are the ignoramus here.

The Debt we HEAR about does NOT include Social Security. That is called “Agency Debt” or “Intergovernmental Debt” and is not included in thedebt figures unless noted.

Please go to the Heritage Foundation and educate yourself.

“Total National Debt consists of publicly held debt and intergovernmental Debt. —— “Publicly Held Debt is more relevant to the credit markets”

You have very little clue about what you post, and you should be ignored by everyone who wants to actually learn anything.

51 posted on 01/20/2013 1:10:06 AM PST by Kansas58
[ Post Reply | Private Reply | To 50 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson