tag:blogger.com,1999:blog-4053585.post5504589490339064530..comments2024-03-17T08:19:05.517-04:00Comments on Viking Pundit: Erichttp://www.blogger.com/profile/15911276942829790135noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4053585.post-74628096714620613972007-05-30T10:58:00.000-04:002007-05-30T10:58:00.000-04:00Ask yourself this: What is the legal liability if ...<I>Ask yourself this: What is the legal liability if Congress changes the law next year, and simply cancels SS? Nothing.</I><BR/><BR/>What if they <B>don't</B> "simply cancel SS"? What's the liability then?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-61516589994935369542007-05-30T10:09:00.000-04:002007-05-30T10:09:00.000-04:00Anonymous, what plane do you live on?Social Securi...Anonymous, what plane do you live on?<BR/><BR/>Social Security & Medicare are LIABILITIES to the U. S. Government. Creative Accounting does not hide these liabilities. Congress will NEVER cancel these programs. They could, however, fund them in a more responsible way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-86881937437374667702007-05-30T08:08:00.000-04:002007-05-30T08:08:00.000-04:00Don't be the one holding US Treasury bonds when th...Don't be the one holding US Treasury bonds when the revolution comes - I don't intend to honor them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4053585.post-10907434187813748862007-05-29T23:32:00.000-04:002007-05-29T23:32:00.000-04:00This article is absolutely BS. "Modern accounting...This article is absolutely BS. <BR/><BR/>"Modern accounting requires that corporations, state governments and local governments count expenses immediately when a transaction occurs, even if the payment will be made later."<BR/><BR/>True, except that in the case of future promises of SS and Medicare, no transaction has occurred yet, so there is no legal liability. The only legal liability is theAnonymousnoreply@blogger.com