4 ms·
Social security can't go broke, since the notion of social security funds is essentially an accounting mechanism. To use the terminology of https://www.reddit
by chalst 8y ago
Social security can't go broke, since the notion of social security funds is essentially an accounting mechanism.
To use the terminology of
https://www.reddit.com/r/mmt_economics/comments/7ciwqe/how_does_mmt_relate_to_social_security/dpr7lzj/ https://www.reddit.com/r/mmt_economics/comments/7ciwqe/how_d...
if the "social security cookie jar" is empty and taxes marked for social security exceed payments, then it simply turns negative, as able to pay out as it was before.