Posted by WARREN MOSLER on June 23rd, 2010
The National Commission on Fiscal Sustainability is holding town hall meetings June 26, with an eye towards ‘fixing’ Social Security.
Here’s a suggested question for anyone attending:
‘I agree with statements by both Bernanke and Greenspan as well as David Walker from the Peterson Foundation that as a matter of monetary operations there is no solvency issue- the US always has the ability to make all dollar payments on a timely basis, regardless of revenues or deficits. And therefore there is no solvency issue regarding meeting all social security payments and medicare payments. Do you not agree with our Fed Chairman and the Chairman of the Peterson Foundation?”
David Walker’s recording is here.