[lbo-talk] Krugman: The Zombies Who Ate Alan Simpson's Brain

123hop at comcast.net 123hop at comcast.net
Tue Jun 22 20:18:56 PDT 2010


Doug writes:

"The Treasury will either have to pay off the T-bonds held by the SS Trust Fund using new taxes, money repurposed from elsewhere, or freshly borrowed. In any case, one branch of the gov can't lend to another in any meaningful way. The SS Trust Funds assets are pure money of the mind."

When Reagan got elected, I had an epiphany. This was the realization that I would have to work till the day I dropped.

Joanna



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