Saturday, April 13, 2013

Steve's barking that some times 1+1 doesn't = 2

Lets say that there is two pies on a shelf , each pie can be cut up into eight pieces. One of those pies has only seven pieces, we still say that there are two pies on the shelf even though one of those pies is
seven eight of  a pie. We generally don't say we have one pie plus seven eight of a pie, we say we have two pies even though we couldn't feed sixteen people with the two pies.
Now I say this as a reasoning for those people who claim that Social Security trust fund is insolvent, look at what OMB put out. I happen to be surfing the web when I saw some senator question some one from Social Security administration claiming that accourding to OMB there is a zero some ( or something like that) what is owed the trust funds bonds and what can be collected.
I've written it in past post and I'll write it again if the Social Security trust fund is bankrupt then there is no money to pay those of us who bought saving bonds, or for that matter those who bought thirty year bonds. We're can we get the money? Raise taxes, sell off assets, print it.

To all those Wall Street Journal reporters, no nothing congress people who believe that we can't pay our debts I only have one thing to say yes we can.

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