https://hotair.com/headlines/archives/2012/12/07/its-time-for-the-gop-to-go-on-offense-on-taxes/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 09:10:45 -0400<![CDATA[II. Turn the tables on the White House debt ceiling proposal by passing a bill mandating that Social Security trust fund assets – now held in useless, non-negotiable IOUs from the Treasury – be converted to marketable Treasury bonds which should have been done decades ago. That way if there is a debt ceiling impasse early next year Social Security and Medicare payments won’t be jeopardized. The trust funds could just sell on the open market bonds to raise the cash to make payments. Those trust funds are supposed to have more than $2 trillion in reserves. Instead, they are loaded with phony, illiquid assets.]]>Fri, 07 Dec 2012 15:30:00 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2012/12/07/its-time-for-the-gop-to-go-on-offense-on-taxes-n98077