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To: Scanian

This is a fix that I’ve known about for years.


3 posted on 11/08/2010 1:40:22 AM PST by ari-freedom (Ding dong the Pelosi is gone!)
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To: ari-freedom
The author seems to think that the SS Trust Fund contains real assets. It does not, but rather it represents an unfunded liability, which is why it is included in the national debt under Intragovernmental Holdings.

SS is a pay as you go system. It will go permanently in the red in 2016. It is in the red now, which means that some of its IOUs are being cashed in thru the general fund to pay for benefits.

18 posted on 11/08/2010 5:18:37 AM PST by kabar
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