Saturday, February 19, 2011
A long coveted cut to Social Security and Medicare is going to happen. This will occur for reasons none of the politicians in the District of Criminals will ever speak about publicly. There is far more at stake here than what the District terms an “unfunded liability”.
When you hear those in the District speak about this liability, you need to understand what they are really saying. This is an intra-governmental debt, meaning; a debt accrued within the government. It is a liability to the federal government because it is owed to “you” and they have no way of paying it back without taxing you more heavily. You are the “full faith and credit” of the United States corporation. That means government runs up the bills and we pay it.'
Posted by DotConnector at 08:23