Social Security

[nailer]

Originally Posted by Tom Joad

Isn't that the same thing as when anyone buys a US Government bond?

Basically what the Republicans are saying is that they want to United States Government to renege on paying on the bonds they issued. It seems like that would put the US into Third World Banana Republic status.

Yes, but they're real bonds. The SS trust bonds are virtual.

[noonereal]

Originally Posted by nailer

Yes, but they're real bonds. The SS trust bonds are virtual.

thank you

big difference

[Rajoo]

Originally Posted by nailer

Yes, but they're real bonds. The SS trust bonds are virtual.

Thank you, that explains it for me. As my close friend and CPA would often say, an accounting adjustment?