The US government is technically insolvent today, because it relies on new loans to cover every fiscal year. Whether or not those treasury bonds are converted into benefits depends on two factors:
How much can the government extract from future wage earners?
How much credit can it obtain, and at what price?
The government has to whip a tired donkey with one hand and go begging to China with the other. The success of those two endeavors decides the future of Social Security.
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2010
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January
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- Financial Terrorism
- Financial Terrorism
- OTC Derivatives
- al Qaeda And Finance
- Derivatives
- Howard Zinn
- Borrowing Costs
- We're A Funny Country
- The Path
- US On Monday, Malaysia On Friday
- Get Off
- Paradigm Shift
- Cross Off The Money Candidates- Or Is That Too Dif...
- Repeaters
- Eight Years Of Clinton Disappear From Democratic H...
- Juggling The Averages
- Supervision
- Rust On The Chain
- The Myth Of The Profitless FED
- The Rope
- Derivatives In Las Vegas
- Crocodile
- Fed 'Profits'?
- Can't Be Both A Liability And An Asset
- Proper
- Whip That Donkey
- Re Fi
- Tax Cuts A Loan??
- Counterfeits
- Empty Gas Can
- Pilings Continue To Rot
- Trust Fund Of Emptiness
- Is The Tea Party Movement To Blame For Everything?...
- Disassembly
- Gallows Of Globalization
- Alliance
- Clinging To Fantasy Finance
- Average American's Stake In The Bailout
- Debtonation II
- Debtonation
- No IF
- The Bulge
- IOU
- Bone Dry
- Cleaning Out The Markets
- Ledger
- Shark Food
- Locomotive
- Planning
- Big Government Business
- Whose Assets?
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January
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Tuesday, January 12, 2010
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