"nathan tankus" <[email protected]> said > Ron said "Perhaps the SS trust fund shouldn't be completely in > government bonds."
> wow i never thought social security privatization plans would seep > into pen-l. no, the social security trust fund should be in government > bonds. failing that, there should be no social security trust fund, ss > should be funded out of general revenues and payroll taxes should be > eliminated. I made that comment because I had the impression that SS payments would be cut by denying access to the bonds in the SS trust fund. The SS Trust Fund is fictitious capital not backed by any tangible assets and as such has a potential risk for SS recipients. In addition, quantitative easing has driven interest rates very low so that new bonds put into the SS Trust Fund receive a low rate of interest. -- Ron
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