OMG, the lack of understanding on this is EPIC.
What does it take for people to understand that you CANNOT think of ANY bonds held by Social Security as assets. They are just line items of money the Federal Government DOES NOT HAVE, and NEVER WILL. Even if the “money” to pay this off gets printed, it will devalue the currency to the point where the loss of real private wealth outweighs any “gain” on paper from “balancing the books.”
Interest on all of those bonds is simply more debt piled on the the National Debt pile. Picking a bond to redeem with a 1% rather than a 4% rate only quadruples the rate of Social Security debt piling on the National Debt.
That is literally ALL IT DOES. There is no money, or any other type of revenue producing asset anywhere near the Social Security Ponzi scheme.
All of these moronic discussions of “fixes” is just rearranging deck chairs on the Titanic.
A 20% import tariff that goes directly to SS fund would fix the problem