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I 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 gov
by nickff 10y ago
I 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.