The United States is going to attack Assad in Syria?

[hemet dennis]

Obama will take it to Congress and hope they bail him out.

 

[Vamvakas]

Obama used the "Vote republicans and you get the next George Bush". But now he's being a hypocrite cause he's wants a war.. We (U.S) need to take care of ourselves and get the economy down path before doing stupid things.. But since Obama is in his 2nd term what dose he have to lose?

 

[Teery]

Wow
So you really don't know that the 2.6 trillion in T-Notes held by Social Security is part of the over $16 trillion debt ? LOL

You need to get a little more up to date on your facts, SS hasn't been contributing to the general fund.
"In the past, when inflows exceed outflows, the surplus was used to fund other government programs. However, beginning in 2010, deficits have been the rule. The deficits in the past few years were as follows: $49 billion in 2010; $45 billion in 2011; and $55 billion in 2012."
So the government had to pay those amounts to SS from the general fund. And that's what happens when liabilities outweigh the receipts.

When you start legislating away debt it makes it real hard to borrow anymore.

The $2.6 trillion does count against the $16 trillion and is subject to the debt ceiling.

No, you need to understand that the 2.6 trillion is intragovernmental debt (not realized, no interest paid or received) however, what is not accounted for (which should be) is the estimated 5 trillion in future interest payments the government doesn't pen in as debt. This should be easy for them to do as they know the terms and duration...See, they don't want the public to know that number.

The government doesn't estimate future interest payments, they add only the current payment as debt. As I stated, the legislators can, and likely will legislate the 2.6 trillion away as it is a "obligation" not an actual market debt.

What they can't legislate away is interest owed on the 14 trillion actual debt and if you pen in the interest payments of that debt, you would add and estimated 5 trillion to the debt. With zero deficit spending (deficits is another word for borrowing) and no 2.6 trillion social security trust fund or pension obligation, the U.S. debt is an estimated 19 trillion (+/- a trillion or so) adding in future interest payments. If you want to add everything (obligations) the U.S. is well over 20 trillion dollars of debt.

When you legislate away "obligations" borrowing becomes easier. You can't legislate away fiscal debt on the books.

 

[hemet dennis]

Quote:

The $2.6 trillion does count against the $16 trillion and is subject to the debt ceiling.

No, you need to understand that the 2.6 trillion is intragovernmental debt (not realized, no interest paid or received) however, what is not accounted for (which should be) is the estimated 5 trillion in future interest payments the government doesn't pen in as debt. This should be easy for them to do as they know the terms and duration...See, they don't want the public to know that number.

The government doesn't estimate future interest payments, they add only the current payment as debt. As I stated, the legislators can, and likely will legislate the 2.6 trillion away as it is a "obligation" not an actual market debt.

What they can't legislate away is interest owed on the 14 trillion actual debt and if you pen in the interest payments of that debt, you would add and estimated 5 trillion to the debt. With zero deficit spending (deficits is another word for borrowing) and no 2.6 trillion social security trust fund or pension obligation, the U.S. debt is an estimated 19 trillion (+/- a trillion or so) adding in future interest payments. If you want to add everything (obligations) the U.S. is well over 20 trillion dollars of debt.

When you legislate away "obligations" borrowing becomes easier. You can't legislate away fiscal debt on the books.

There you go again, sorry that you can't stick to one point at a time.
The $2.6 trillion of the SS trust fund that the government has borrowed is counted in the debt covered by the debt ceiling. So as I pointed out a few times the government can offer more public debt and pay some debt to SS to cover payments and still not raise the debt ceiling. So when some people say that by not raising the debt ceiling it will cause SS payments to not be paid, they're wrong.
You're also wrong that "the 2.6 trillion is intragovernmental debt (not realized, no interest paid or received)"
http://www.ssa.gov/oact/progdata/newIssueRates.html

Is your future interest payments on your mortgage or car payment counted as this years debt ? Of course it's not. Is future child costs counted as a debt for this year ? Of course not.

The government can legislate all the debt away if it wanted to. They could legislate the debt ceiling away, they do a couple times a year. If you want to count all unfunded liabilities it would be well over $100 trillion.

 

[rufus]

Well, it has been over a year since this thread died, and in that time a lot of things have occurred. A lot of heads have been cut off in a most gruesome manner. A large portion of the Middle East is now dominated by murderous fanatics. The Christian community has been decimated and driven into exile.

The people of the Middle East have finally got what they have always wanted, a chance to kill each other. And now they are doing it.

Now, our options are not good. Everyone hates us. No good deed goes unpunished. All that blood and treasure wasted for nothing.

What is our next alternative? Step back and let them have their way with each other? Interfere and get embroiled in another pointless war? Pick a side and back them even though they hate us and want to destroy us?

Sadly, I am afraid the best of the bad would be to back the Assad regimen with arms and air support but no troops. That would probably mean the Alawites would exterminate or remove the Sunni.

All options are bad. But some are worse than others. What is your feeling in this matter?

 

[rufus]

Well, it looks like we are in for a long war. We really have no friends there; we have no dog in this fight.

 

[rufus]

Well, I see the ISIS people have captured a fort 25 miles from Baghdad. They then executed three hundred Iraqi soldiers. The Iraqi politicians must be shipping their stolen wealth and families off to Switzerland as I write this. There will be a blood bath of Shia and those few Christians left in the country.

This will make the abandonment of South Viet Nam look like a Sunday school picnic. Now, what will Iran do about it?

 

[rufus]

And now, I suspect those undiscovered weapons of mass destruction will be brought out of hiding. The attack on Baghdad will be terrible.

The question is will Iran stand by and see the Shia of Iraq slaughtered? If they do, this will eclipse the evil butchery of the Shoah.

If Iran does enter the war, ISIS will collapse like a house of cards, and Iran will dominate the region. There is no good outcome for the US.

 

[hemet dennis]

And now, I suspect those undiscovered weapons of mass destruction will be brought out of hiding. The attack on Baghdad will be terrible.

The question is will Iran stand by and see the Shia of Iraq slaughtered? If they do, this will eclipse the evil butchery of the Shoah.

If Iran does enter the war, ISIS will collapse like a house of cards, and Iran will dominate the region. There is no good outcome for the US.

LOL Always with the doom and gloom.

 

[cupman]

Iran poses no threat to us. We disagree from a philosophical standpoint but it's not like we're going to war. If they engage ISIS in combat we should all be happy.