wrote in message
...
On Thu, 11 Feb 2010 10:29:55 -0800, "nom=de=plume"
wrote:

wrote in message
. ..
On Wed, 10 Feb 2010 13:34:18 -0500, John H
wrote:

Come talk to me in 2012 (when the end of the SS surplus is in sight)
and see what everyone is talking about, including the Democrats.
I guarantee it will be the debt crisis and the impending failure of
Social Security.

That would be true only if those particular Democrats have enough
sense to see what's going on.


The reality of the loss of the SS surplus will be on our door in 2012.
If nothing else, they will not have that slush fund to attempt to
balance the budget with, although with a deficit approaching $1T that
is an insignificant number.
The real question will be whether China decides to cash out of
treasuries or what interest rate we will need to offer to keep them
attractive.


According to you.

If you do much reading, you will find a lot of financial people are
asking the same questions about how long we can continue the raise the
debt limit and how we will deal with the entitlements when they
explode in our face..

Huh?? Lots of financial people (aka economists) ask those questions. We
can't continue to raise it forever, but it's no where near an unusual dept
to GDP crisis.

The end of the SS surplus is straight from the trustees report on
SSA.GOV,
The demographics of the number of baby boomers vs the following
generations who have to pay the bill is available from the census.
The amount of our debt that is held by foreigners is from the treasury
department.
The percentage of discretionary spending vs entitlements, out in the
future is from OMB.

You may disagree with how I connect the dots but the dots are fact.


Typically, dots are connected with some sort of logic.

--
Nom=de=Plume