Posted by
zapdoodat on Friday, February 01, 2008 12:00:00 AM
Here's another poorly expressed thought on talking about privatizing Social Security.
I can't stand it when self-named Conservatives say that "the Social Security Trust Fund is backed up by nothing but junk IOU's." That has to be an un-Patriotic statement.
Here's why. Most stockbrokers, security analysts, investment bankers and certified financial analysts would agree that US treasury securities are the soundest, safest, most conservative investments in the world. Why, because they are backed by the good faith of the US government and its citizens to repay their debts. The United States of America has a long history of repaying its debts. Our country has never defaulted. The taxpayers of the United States have a strong backbone and keen sense of fiduciary responsibility. Who would dare dispute that?
In fact, to dispute it, is to commit an act forbidden by the U.S. Constitution!
AMENDMENT XIV, Section 4. "The validity of the public debt of the United States, authorized by law…shall not be questioned."
When a person equates the Social Security Trust Fund with junk, is this not questioning the debt of the United States? When people bad-mouth Americans and our great country is this not an un-Patriotic act? Some might even say, that the people calling our debt "junk", do indeed hate America!
This is a talking point that should be eviscerated from the mouths of self-named Conservatives.