CDZ Social Security Trust Fund will go broke in 17 years

Discussion in 'Clean Debate Zone' started by task0778, Jul 17, 2017.

  1. Moonglow
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    Moonglow Diamond Member

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    Make Social Security an off budget item again and stop the theft...
     
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  2. Toro
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    Toro Diamond Member

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    We are paying that.

    But that would look absolutely no different if the trusts were filled with Treasury securities.

    We would still be paying it.

    We pay for all government debt.

    The SS trusts are like a pension plan that owns 100% government bonds.

    If you have any pension, you have government bonds. All corporate pension plans own government bonds. Corporate pension plans are comprised of anywhere between 5% to 50% government bonds. And government bonds are liabilities of the US government.

    The difference between most pensions and SS is that the pensions aren't comprised 100% of government liabilities like SS. But both own "promises to pay" or "IOUs" of the US government.
     
  3. martybegan
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    martybegan Platinum Member

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    The government bond thing may have been a good idea, but the problem is congress got too used to having that guaranteed income for the yearly budget.
     
  4. flacaltenn
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    flacaltenn Senior Mod Staff Member Senior USMB Moderator Gold Supporting Member

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    I've told you 4 times why it WOULD be much different if they HAD been real securities. You're just in denial about it. We wouldn't being paying cascading double interest on the same stolen dollars if the Treasury had BOOKED that debt and PAID IT over the years -- like it does with a REAL bond.

    Crap Yeah. YOU'RE paying it. And the reason you're paying it is that YOU were robbed of money going into a segregated UNIVERSAL Insurance Fund. That is now heading for insolvency. With NOTHING of value from the stolen money to defer costs. It's criminal..
     
  5. flacaltenn
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    flacaltenn Senior Mod Staff Member Senior USMB Moderator Gold Supporting Member

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    The time to do that buddy old pal, was when SS was running surpluses and there were enough workers. 10,000 people A DAY are retiring.. Can't fix that now..

    You're Dem buddies KILLED the idea of USING the Surplus to defer future costs under Bush. That move was criminal also. Because as fiduciaries if that fund, they acted against using the collected FICA in ways to benefit the Fund's future...
     
  6. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    I've told you 4 times why it WOULD be much different if they HAD been real securities.

    If they bought "real Treasuries" instead of "fake Treasuries" the result would have been unchanged.

    We wouldn't being paying cascading double interest on the same stolen dollars


    We aren't.

    if the Treasury had BOOKED that debt and PAID IT over the years -- like it does with a REAL bond.

    It pays the same way as on any other real bond it issues.

    Don't worry about it. Plenty of people don't understand accounting. You're not alone.
     
  7. flacaltenn
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    flacaltenn Senior Mod Staff Member Senior USMB Moderator Gold Supporting Member

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    Just told you FIVE times now -- why that is not true. Getting the interest on the "bonds" paid YEARLY would have provided ACTUAL LIQUIDITY to the "trust fund". We're talking 100s of $Bills... And it wouldn't have HURT them to honor that discipline. But they are CROOKS and felons...
     
  8. Moonglow
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    Moonglow Diamond Member

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    The fund was changed to a on budget item during Reagan and that is when it became a fund for politicians to dip into..
     
  9. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    Just told you FIVE times now -- why that is not true

    Yes, I've seen your error, multiple times.

    Getting the interest on the "bonds" paid YEARLY would have provided ACTUAL LIQUIDITY to the "trust fund".

    The Trust Funds gets interest yearly. $106 billion in 2013 alone.

    But they are CROOKS and felons...

    Which has nothing to do with your confusion about the Trust Fund.
     
  10. flacaltenn
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    flacaltenn Senior Mod Staff Member Senior USMB Moderator Gold Supporting Member

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    That "interest" was never booked and paid by the Treasury. WILL be booked and paid NOW by issuing NEW debt to cover the old interest.

    The Fed Reserve has room for a "Lock Vault" for pallets of cash dedicated to the SS Trust Fund. Never happened.. Just pallets of cash to add to the MOUNTAIN of pallets of cash kept there. And the DISCIPLINE of having the Govt BUDGET that interest payment -- would have been a POSITIVE mgt practice to REDUCE THE CURRENT shortfalls.

    The fiction is -- SS is "living off interest".. The FACT IS -- that interest was never paid during the life of the debt. Like it is on REAL bonds.
     

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