I'd put it differently. Question one is, will Feds redeem bonds held by the trust fund, as per current law.
Two, will the wage base (number of workers and taxable wages earned) grow fast enough to keep up with total benefits promised to retirees, and if not, how big is the gap, once the trust fund balance is exhausted (currently projected for 2037)? Three, in the event of a gap, will the Federal gov fill it, and if so, how? On Fri, Aug 13, 2010 at 5:19 PM, Anthony D'Costa <[email protected]> wrote: > 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 > > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
