The NPR daily financial show (?Money Basket) just ended with this tidbit - " the two largest holders of US government debt are Social Security and The Federal Reserve "
If I understand this right - >>>> When we reach retirement, we will have to keep paying taxes to pay down the government debt so we can receive our Social Security benefits Maybe a better way to say this is ->>>> The money that we are setting aside today for our retirement tomorrow is being stolen to pay for boondoggles today that we will have to pay for tomorrow I dont like the sound of that. ------------------------------------ Who is the Federal Reserve? Where do they get money from? Good question. Why are they buying US Govt debt? AKA - Why are they lending money to the US Govt? Are we lending money to ourselves? I dont like the sound of that. -- You received this message because you are subscribed to the Google Groups "massfire" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/massfire?hl=en.
