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To: Bigtigermike
BACKDOOR FIX: 'Funds will be transferred to the Social Security Trust' if necessary

Pure politics. They will just issue non-market T-bills (IOUs) to the SSTF and use the money elsewhere. The fact is that the SSTF represents an unfunded liability, which is why it is included in the national debt under "Intragovernmental Holdings." By putting the money into the SSTF, we are actually increasing the debt.

4 posted on 02/22/2010 6:14:08 AM PST by kabar
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To: kabar
By putting the money into the SSTF, we are actually increasing the debt.

It's like funding your retirement account using your credit card.

116 posted on 02/22/2010 8:13:32 AM PST by Right Wing Assault (The Obama magic is fading.)
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