A Guaranteed Income for Every American

Re:A Guaranteed Income for Every American by toomuchtodo on Saturday June 04, 2016 @04:13PM (#11837784)

We should probably not position ourselves where we require an inflated dollar then, since those trust fund dollars are going to be drawn down as everyone ages onto Social Security.

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Re:A Guaranteed Income for Every American by drawkbox on Saturday June 04, 2016 @04:18PM (#11837805)

I agree, it is a bit of a house of cards as they say. From the article:

The largest owner of U.S. debt is Social Security. Since the Social Security system is a government entity, how can the government own its own debt? Good question. This is where the “house of cards” theory resides. Some believe the federal government is merely moving the IOUs from one shell to another, hoping to escape the watchful eye of its citizens. In any event, Social Security owns about 16% of the debt followed by other federal government entities (13%), and the Federal Reserve (12%.

My guess is when it is time to pay or the money dries up, they are going to just disregard the Social Security debt owed or stretch it way out so the house of cards stays up a bit longer.

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Re:A Guaranteed Income for Every American by toomuchtodo on Saturday June 04, 2016 @04:27PM (#11837836)

> they are going to just disregard the Social Security debt owed or stretch it way out so the house of cards stays up a bit longer.

I disagree. Taxes with simply rise (as they should've long ago).

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