Friday, October 11, 2013

deficit and funding

krugman is correct: "We would, once again, be signaling that the financial industry gets special treatment because it can threaten to shut down the economy if it doesn’t."

why are people warning about stopping medicare and soc sec payments?
ss and medicare payments should not come from general gov't accounts!!??
let medicare and ssa sell some of their assets if necessary. those sales do not increase the gov't deficit.
medicare funding
Medicare is not bankrupt

soc sec funding
see jack lew statement


Why can't the SSA sell some of its treasury security holdings? It would not increase the gov't debt. those bonds were already issued and are already part of the $16.999T debt ceiling!
I do not understand what all these people are talking about!