I'm concerned that this gives the wrong idea. The money that the federal government has borrowed from SS is being treated as any loan: interest is being paid. The only people I know who make this claim that the the federal government has stolen the trust fund are conservatives who are making the opposite argument. SS is solvent. We can't repeat that often enough.
Are they paying the interest or just claiming to??? But then why do I have to PAY off my house? I should be able to just pay the interest. Then after most have forgot about it, sell the house and run off with the money. Sorry but they should ALSO be paying some of the money back, just like everyone else has to!
Paying off a loan only matters if want to reduce your principle -- which I assume it is doing, only to buy more. The main thing is that there is currently more money coming into SS because of interest payments. Note also: what would we do with the trust fund otherwise? Lock cash away in a vault? There isn't that much cash in circulation. It would have to be loaned to someone, regardless. The SS trust fund is a bond holder just like Wall Street bankers, and I don't see them worried. The US government has a shockingly good record of paying its debts. Just look at 10-year treasury rates.
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I'm concerned that this gives the wrong idea. The money that the federal government has borrowed from SS is being treated as any loan: interest is being paid. The only people I know who make this claim that the the federal government has stolen the trust fund are conservatives who are making the opposite argument. SS is solvent. We can't repeat that often enough.
ReplyDeletethey're dicks.
ReplyDeleteAre they paying the interest or just claiming to???
ReplyDeleteBut then why do I have to PAY off my house? I should be able to just pay the interest.
Then after most have forgot about it, sell the house and run off with the money.
Sorry but they should ALSO be paying some of the money back, just like everyone else has to!
Paying off a loan only matters if want to reduce your principle -- which I assume it is doing, only to buy more. The main thing is that there is currently more money coming into SS because of interest payments. Note also: what would we do with the trust fund otherwise? Lock cash away in a vault? There isn't that much cash in circulation. It would have to be loaned to someone, regardless. The SS trust fund is a bond holder just like Wall Street bankers, and I don't see them worried. The US government has a shockingly good record of paying its debts. Just look at 10-year treasury rates.
Delete