what happens if the treasury runs out of money? (unemployment rate, politicians, economic)
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It ran out of money years ago. It's been living on borrowed cash ever since.
Now it's getting to where it can't even afford to borrow the cash.
It's been getting along ever since last May (when we hit the debt ceiling), by draining the funds of various Federal retirement accounts and other trust funds it's supposed to "manage".
Now, those retirement funds are just about exhausted.
It's been hoping Republicans will cave, so it can quickly borrow a few more $trillions and quietly pay back those funds before the media starts pointing out what they are doing.
BTW, this activity would get any CEO or financial officer of any company that did it, thrown in jail for fraud so fast his britches would smoke. It's one of the most illegal things you can do, in ANY company in this country.
Social security would stop fairly soon as there really is no money outside of government obligations that fund it. Treasury would not meet the obligations or be able to borrow to do so. That might be a minor worry though. If the US currency collapses the world economy goes along with it. It would make the recent recession look like boom times in comparison. Frankly, I think Obama will invoke the 14th Amendment before that happens and direct treasury to pay the bills. By the time the courts figure it all out, there will be a fix.
They send Obama out to promote class warfare to raise taxes again. Only this time he will consider people who make $100k rich. Hell why not go straight where he intends, he will say people making $50k are rich.
You obviously know very little about the government you hate so vehemently. But that's to be expected. Hate is usually spawned by ignorance.
Of course. And that's exactly the nature of the "solution" proposed by today's modern liberals.
It's not a solution, it's progressively making the problem worse.
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