wrote in message
...
On Wed, 3 Feb 2010 11:30:04 -0800, "nom=de=plume"
wrote:

wrote in message
. ..
On Tue, 2 Feb 2010 23:20:45 -0800, "nom=de=plume"
wrote:

That 2037 (or some other fantasy number) is when the theoretical time
the bonds would have run out. For the same reason we can't really
redeem China's bonds, we can't redeem the SS bonds. There just is not
that much money out there unless we increase the money supply by
printing it. That will be a de facto devaluation of the dollar.



If it's a fantasy for 2037, how can you rely on the other numbers?


The fantasy is that US bonds are actually worth anything in 2037 if we
actually started cashing this many of them in 2016.
It is like Bill Gates' net worth. Most of it is in Microsoft stock but
if he really sold much of it, the stock would crash before he sold a
third of it.


Ok, but in any case, we have time to fix Medicare.

But we are borrowing money until we do. They are already upside down.
That is why Obama wants to find a way to get a half billion out of
their budget. AARP is livid, They were all in favor of medical reform
(since they are basically an insurance company) but the "ox" that pays
their bills is getting gored.


At this point in the financial recovery, it would be suicide to tighten
belts.


--
Nom=de=Plume