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#1
11-29-2007, 01:52 PM
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Re: Understanding the Social Security scam
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I edited my reply. Instead of hijacking this thread about the evils/benefits of government deficit spending just make a separate one. [/ QUOTE ] I don't really want to start a separate debate about government spending, but you seem to be defending that the government does it by saying "Hey, private business does it too", which I don't really see as being accurate. 
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#2
11-29-2007, 02:03 PM
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Re: Understanding the Social Security scam
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In fact, Clinton claimed to have balanced the budget one year, when it fact, it took about 300b of ssi taxes to make up the deficit spending from the general budget. [/ QUOTE ] Do you have a link to this? Would be very interested in reading up on it.
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#3
11-29-2007, 02:23 PM
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Re: Understanding the Social Security scam
[ QUOTE ]
[ QUOTE ] I edited my reply. Instead of hijacking this thread about the evils/benefits of government deficit spending just make a separate one. [/ QUOTE ] I don't really want to start a separate debate about government spending, but you seem to be defending that the government does it by saying "Hey, private business does it too", which I don't really see as being accurate. [/ QUOTE ] No not necessarily am I defending it. Mosely chimed in with a claim that the U.S. government doesn't meet it's debt obligations and never has. I pointed out that treasuries are considered to have no default risk and thus what he said is total baloney. Then he claimed that having permenant debt is inherently evil and I pointed out that it happens all the time just look at corporate balance sheets as one example. He pointed out an economic benefit to corporations using debt and I pointed out that there are economic benefits to governments using debt albeit different ones.
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