” the issue is that it wasn’t invested properly- and had it been, we would be fine today-”
But what would you have them do with it that they aren’t doing? They really can’t be buying stocks with it, we don’t want the government directly financing and owning corporations. They could buy bonds but that also amounts to picking what corporations to finance. There’s enough crony capitalism going on without adding the huge SS sums to the mix.
If they aren’t going to try to equalize the income and outflow of funds then they are pretty much limited to loaning excess funds to other gov’t agencies, otherwise we would have them picking and choosing companies to fund in the private sector. I just don’t see what other option you have in mind.
[[They really can’t be buying stocks with it, we don’t want the government directly financing and owning corporations.]]
Funding big government with it so they can pay off their ridiculous debts certainly isn’t the answer-
[[They really can’t be buying stocks with it, we don’t want the government directly financing and owning corporations.]]
Not sure about that- it helps the businesses, which in turn helps the consumers, which in turn also helps the SS trust fund- Right now though SS money may infact be going to pay special interest group grants, study grants etc- either directly or indirectly- the money is certainly going somewhere in government- and we’re not seeing a very good return on our money- that’s for sure- Had we gotten a good return- then we wouldn’t be I n this problem today- and I don’t think people would be upset about the government ‘borrowing’ it since it was actually increasing SS in the end-
However, when big business gets breaks, or help, it does trickle down to everyone both directly and indirectly- Sure, they get breaks- but their breaks help to keep prices low, worker’s wages higher, etc-