It's true to the same extent that redeeming any treasuries "contributes to the deficit". The only way that is meaningfully true in the context of "how do we red

It's true to the same extent that redeeming any treasuries "contributes to the deficit". The only way that is meaningfully true in the context of "how do we reduce the deficit?" is if we're willing to not repay our debt and if that's the case, the entire issue is moot. Framing it that was is just priming us for the government to actually empty the account by defaulting on that debt, i.e. rendering the assets owned by the fund worthless. It's true in the same way that it's true to say that cars can fly, which is to say, that it's way more true to say that no, they cannot, even if yes, sure, the other thing is "true".