You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #5: Really!! [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
maxrandb Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 01:22 PM
Response to Reply #4
5. Really!!
No Social Security Trust Fund?? Where the hell did I hear that before? Oh yeah, right-wing, CATO Institute, Heritage Foundation, Rush and Insanity "Talking Points".

The fact is that there IS a Trust Fund. Just because the pResident and the Republicans can't keep their hands off of it, spent it on massive tax-cuts to the wealthiest of their contributors, and made a mockery of fiscal responsibility, does not mean it does not exist.

I know, I know, the right keeps filling everyones tiny little brains with sound-bites from the "wee cowboy" that it's nothing but a bunch of worthless IOU's. Gee, I bet the Chinese that have bought up massive amounts of our debt would be surprised to hear that what they hold is "worthless". You better hope they never take the pResident at his word and divest themselves of those worthless pieces of paper.

Try this experiment for me. Pull out a $20 bill from your wallet. What does it say across the top? "Federal Reserve Note"." Now, take that $20 bill and try to buy lunch with it. Do you think the waitress is going to refuse to accept it, because it is a "worthless piece of paper"?

If she does, we're in a world of shit. You see, the trust fund is just like that $20 bill (at least it used to be). It's accepted because it is backed by the "full faith and credit" of the United States of America.

Now, if the little Kennebunkport Cowboy is telling you that's a "worthless piece of paper", well then you need to read the Constitution.

THAT's AN IMPEACHABLE OFFENSE!
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC