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The Social Security Trust Fund has no looming liquidity issues for the next 20 years or so[1]. Solvency is a different issue, and has nothing to do with student
by rqebmm 10y ago
The Social Security Trust Fund has no looming liquidity issues for the next 20 years or so[1]. Solvency is a different issue, and has nothing to do with student debt payments.
[1]https://en.wikipedia.org/wiki/Social_Security_Trust_Fund https://en.wikipedia.org/wiki/Social_Security_Trust_Fund
- nickff 10y agoI said the government has liquidity/solvency issues, and it does; the SSTF is supposed to peak in 2021, but its largest holding is US Treasury bills, so the government will either have to 'run a surplus' by then (to pay off the treasuries) or default on debt, in order to continue paying out Social Security. Do you believe that the federal budget will be running a surplus by 2021? None of this is directly due to student debt payments, I was trying to explain why the government resists deferring Social Security taxes.