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Well, they do invest the surplus of social security taxes in Treasury bonds and other U.S. government securities: http://www.ssa.gov/OACT/ProgData/describeoasi
by Thrymr 14y ago
Well, they do invest the surplus of social security taxes in Treasury bonds and other U.S. government securities:
http://www.ssa.gov/OACT/ProgData/describeoasi.html http://www.ssa.gov/OACT/ProgData/describeoasi.html
The trouble comes when Social Security stops bringing in a surplus and has to start redeeming the trust fund. Then the Treasury has to start paying back the ~$3 trillion it will have borrowed. We'll see how that goes.
- simonh 14y agoGreat idea! I have some surplussavings. What I'll do is lend it to myself so I can spend it on stuff now, then demand it back from myself in 10 years time. Genius! Except what actually happens is we demand it back from our children after we've retired. Sucks to be them.