Roger’s Rules

By Roger Kimball

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Did Bill Clinton run a surplus? Plus: Our Titanic Moment

January 9, 2012 - 5:57 am - by Roger Kimball
Non-smoking frog
2012-01-12 14:23:36

Uh, no. It is not a fake debt. They actually buy T-bills with the money to move it into the general fund. You and I then pay that back to SS in future taxes to redeem the t-bills.