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That trust fund doesn't exist, there is no actual money in it, as noted by the other comments. The Federal Reserve ultimately will lend the US Government that
by adventureful 14y ago
That trust fund doesn't exist, there is no actual money in it, as noted by the other comments.
The Federal Reserve ultimately will lend the US Government that money (the Fed is now buying 95% of all long term US govt debt), now with interest on the debt, instead of there being an actual trust there earning interest.
So any math that relies on that trust existing, is Enron accounting.
- deleted 14y ago[deleted]
- muzz 14y agoWow. Hurry-- you'd better tell that to "the Chinese" and anyone else who's been buying our debt. And also, that must mean that we can all stop worrying about that $15T govt debt, since it's all "Enron accounting". Whew! Problem solved!