Where do you come up with that idea? SS funds, by law from day one, have always been held in US government bonds, there are no SS funds
- posted
15 years ago
Where do you come up with that idea? SS funds, by law from day one, have always been held in US government bonds, there are no SS funds
I don't know why I even bother answering your incoherent, half comments.
There certainly are SS funds. Yes they are invested in government bonds which is how the government funds things it can't afford like the war in Iraq.
Do you mean to imply that the government bonds are not secure? That may ultimately prove to be the case if the Republicans keep running things.
I don't think he understands the other half of the equation i.s. where the money goes when some entity buys a gov't bond/bill.
DUH Get real, all US bonds are a part of the national DEBT, owed by the government to the bond holders, whom ever that may be. At some point in the near future those bonds, just like your EE Bonds will need to be paid, with interest to cover SS benefits. If the money was indeed in a trust fund as many believe they would be a true asset, not a paper asset in the annual budget and not a debt.
What makes you think United States government debt isn't a true asset? If you did a search, as you frequently recommend others do, you'd learn it has the highest quality rating from every debt-rating company, and U.S. Treasury bills are often considered the very definition of risk-free investments.
Obviously you were not a math or economics major. Of course US bonds are highly rated, the US is the richest most stable economic system in the world. However the bonds themselves are not an asset, they are a debt, to be paid with interest when they mature. The treasury could not prematurely pay them in any event without penalty
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