> The flip side of Social Security owning the US national debt is that Social Security's solvency is entirely dependent upon the USA being able to pay. The obv

> The flip side of Social Security owning the US national debt is that Social Security's solvency is entirely dependent upon the USA being able to pay. The obvious counterpart here is: assuming social security was invested in non-govermnent US-based assets, and the USA was no long able to pay its debts, how much would those assets actually be worth (i.e., the economy/country is likely in a very bad shape)? [My personal conclusion is that really, at the end of the day, the currently-retired people are intrinsically supported by the currently-working people, and all the money-tracking is about keeping this exchange reasonably fair. But if the currently-working people are unable to support the retired ones, no financial magic is going to fix that.]