[trorseIrripsy]

How is a bond not an "IOU"?

It's a bit more complicated in that it spells out interest rates, principle, lists a maturity time, and other such stuff. In short it's a more complex financial instrument then just a simple IOU especially since everything is regulated and defined by law while an IOU is not.

[krasniyluch]

If bond holders are first in line to collect the 60% of funds still supported by taxes (and they are, no way around that), how does that turn into Social Security checks not showing up? Obama's already screwed bondsholders before. Remember the GM bankruptcy? He doesn't care about what the law says.

[retTreftowhexm]

I do know that there are no IOUs in the social security trust fund unless you consider a Treasury Bond to be an IOU. Legally all the SSTF must be invested into T-Bills.

A bond can be an asset but not if you hold your own bonds. That's why they are like ious.

[Maribellin]

Ben gets confused a lot it seems.

[fotochicaes]

What the hell does that have to do with Al Gore? Oh, right, if two people are part of the same party then Ben thinks they will behave the same way in any circumstance...

[Intory]

1. Obama hasn't declared war on Libya (which, of course, some believe is the problem.)
Uh, no the problem is that he's waging a war without the authorization of congress. Last I checked King George used to do that too.

2. Show me a quote from Obama saying he wouldn't declare war on Libya. http://www.nytimes.com/2008/12/04/us/politics/04military.html

3. Given America's history, I can't think of anyone who would believe the Democratic party is the "party of peace." Which is why Ozzy is *still* carrying water for the Goracle? I don't get Ozzy. Democrats lie, especially about war. Since Wilson, it's practically standard.

[scoundtrack]

So... having an opinion about someone is the same as "carrying water" for that person. Stating that you believe, despite evidence to the contrary of the past 12 years, that Gore would have done what Obama could not? I'm puzzled. Obama was a much stronger dove than Gore. Gore was a foreign policy hawk.

[Janny2006]

King George was a King and not an American, what's Obama's excuse?

[BashBeissedat]

@ ben

[TolleyBoymn]

Two weeks.

[ahagotyou]

So, basically, there is no reason for the checks to stop, right?

I can think of one. If I'm not mistaken T-Bills are redeemed via a reverse auction so they'd have to change they system if they want to just cash in T-Bills in the SSI trust fund without everyone else holding a T-Bill to also cash out. Do you honestly think Congress will pass a special law just to allow that?

[Qynvtlur]

Much better then anything you post being true.

[SQiTmhuY]

What are the odds of this being true?

They got it completely right; the only reason Republicans are balking at every deal proposed

While technically a true statement where Democratic deals proposed = 0, I think it still appropriate to invoke OIAW™.