[kabar]

The trust funds contain interst bearing, non-market T-bills that are redeemable only by the USG and are non transferable. They can be redeemed at face value.

"When a trust fund receives payroll taxes or other income that is not needed to pay benefits immediately, the Treasury credits the fund and uses the excess cash to reduce the amount of new federal borrowing that is needed to finance the governmentwide deficit. That is, if other tax and spending policies are unchanged, the government borrows less from the public than it would in the absence of those excess funds. The reverse is the case when revenues for a trust fund program fall short of expenses. Thus, the balances of trust funds are not a measure of resources available to pay future obligations for the respective programs; those resources will need to come from federal revenues or additional borrowing in the years those obligations are due."

[Graewoulf]

Thanks for your stellar graphics, and definitive comments. The more that we, the TAXED ENOUGH ALREADY, understand govspeak, the better we will be able to downsized the damned US Federal Government.

This thread attacked the incompetence of our leaders, and the Entitlement Plantation mentality currently pervasive in this once Mighty Nation. The latter is more important than the former, imhbAco.

Hopefully 2012 will be a better year for us than politically disgusting 2011 was.

MERRY CHRISTMAS to ALL, and to ALL a GOODNIGHT!