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To: A Cyrenian

the fund is a figment of imagination. An accounting bucket that acounts for money. But there is no money in this fictitious bucket. The fund is nothing more than a number of how much money was collected and how much was paid out but the money was spent decades ago. Thats why it does not matter if it goes negative. our debt is our debt. And this number going negative is not of any importance. We will just print like we have been doing since the depression.


9 posted on 08/29/2023 11:22:51 AM PDT by poinq
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To: poinq

We are good as long as we keep West Virginia:

https://moneymorning.com/2017/03/31/the-social-security-trust-fund-is-just-a-stack-of-ious-in-a-west-virginia-filing-cabinet/

Just bring the IOUs to any local West Virginia bank—I am sure they will cash them.

;-)


23 posted on 08/29/2023 11:46:14 AM PDT by cgbg ("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
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To: poinq

yes, and unfortunately a lot of people are goign to trade in their principles and the future of their descendants to “get what they have coming”


24 posted on 08/29/2023 11:46:29 AM PDT by Manuel OKelley
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