Homestead mailing list

[bob ford <bobford79 AT yahoo.com>]

Well, except for where you are putting the blame, you said exactly what I was 
thinking and worrying about.  They already have moved up the age.  People in 
my, age group have to be 67, not 65; but , I think they will have to push it 
up further still.

  My worry is that just as with everythiong else, there is only debt (bonds). 
 How are we going to pay for those bonds upon redemption.  And, with what?  
I'm really trying to understand.  As far as I know, Congress has been 
spending the SS money every year since its existence, as fast as it came in.  
Now we are reaching the turning side of the pyramid and the math doesn't 
work.....bobford


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--- On Sun, 11/9/08, Don Bowen <don.bowen AT earthlink.net> wrote:

> From: Don Bowen <don.bowen AT earthlink.net>
> Subject: RE: [Homestead] Half of U.S. "on the dole"
> To: bobford79 AT yahoo.com, homestead AT lists.ibiblio.org
> Date: Sunday, November 9, 2008, 1:05 PM
> > The SS thing completely evades me .. There is no money,
> 'None', in SS.
> > 'None'.
> 
> As explained in another posting, there is a lot of money in
> SSI bonds.
> Those bonds are what will allow SSI to be paid out along
> with things like
> moving up the retirement age.  To not pay off those bonds
> is to default.  Is
> that what you expect the country to do?  If that happens we
> have more
> problems than seniors starving because the SSI checks
> stopped.  It could
> well happen but not because of SSI but because of
> mismanagement by
> Republican movement conservatives such as Grover Norquist.
> 
> Don Bowen  KI6DIU
> http://www.braingarage.com/Dons/Travels/journal/Journal.html