Sorry that little detail escaped me. I was thinking of my own meager TIAA-CREF stuff and thinking about savings as a whole. I suppose then the question is will there be social security left down the road if the US government continues to rack up a debt? At what cost and how will the burden be shared?
Anthony On Fri, Aug 13, 2010 at 11:03 PM, Sabri Oncu <[email protected]> wrote: > But Anthony, Social Security surpluses are invested in nonmarketable > US Treasury securities, so there is no playing of the stock market or > other financial games. In other words, the US government spends the > surpluses with the understanding that they are the debt of the US > government to the Social Security Trust Fund. > > Best, > Sabri > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Anthony P. D'Costa Professor of Indian Studies and Research Director Asia Research Centre Copenhagen Business School Dalgas Have 15 DK-2000 Frederiksberg, Denmark Ph: +45 3815 2572 Fax: +45 3815 2500 http://uk.cbs.dk/arc www.cbs.dk/india http://www.thisismodernindia.com/this_is_modern_india_about_us.html xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
