- Apr 1, 2011
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So if you put money in a money market account, and the money market buys T-bills/bonds/notes with it,
you no longer have any money????
No, I have a T-bill that the government can only pay off by taking money from future tax payers.
However, that's not a valid analogy. The transaction you describe involves two parties: you and the government. The "bonds" in the SS trust fund involve only one party: the government. The government "sold" the bond, and the government purchased the bond. Try issuing a bond to yourself and then tell us the net proceeds from the transaction.
It's truly pathetic that this has to be explained to you. It explains how Obama got elected.