This was troubling 30 year ago.

[Blues Man]

So sure we should get rid of the intragovernmental debt by not allowing the raiding of Social Security or the Federal Highway trust etc to pay for other things

What should the Social Security Trust Fund invest in?

It doesn't invest in anything right now because there are zero dollars in the so called trust fund

You said it was raided. You said intragovernmental debt.
Were you wrong then or are you wrong now?

Why do you think there is no money in the so called Social Security "Trust Fund"?

Because it has been used for other things besides Social Security. Therefore it has been raided.

Why do you think there is no money in the so called Social Security "Trust Fund"?

Money doesn't pay interest. That's why there are Treasury Bonds in the Trust Fund.

What should they invest in, instead of Treasury Bonds?

There are treasury bonds in the trust fund because they are IOUs from the government to the government. Those treasury bonds are not the same ones that you can buy but you didn't know that did you?

Gov't Owes Social Security $5 Tril; You'd Pay It Back

The amount of money the federal government has borrowed from the Social Security trust fund, the Medicare trust fund and other government agencies just crossed the $5 trillion mark. Politicians... Read More

www.investors.com

Politicians downplay the number, saying it isn't really debt; it's money the government "owes itself." But the bulk of that $5 trillion doesn't belong to the government. It belongs to current and future retirees. The only way this debt "doesn't count" is if the government has no intention of paying its obligations to America's retirees.

How Are the Social Security Trust Funds Invested?

The Social Security trust funds receive payroll taxes, pay out benefits, and invest any surplus in special government-backed securities.

www.investopedia.com

On a daily basis, funds left after payment of all benefits are invested in special-issue government bonds.2
They are similar to U.S. Treasury bonds, except that they don’t trade publicly. These interest-bearing bonds are a form of IOU to be paid from future FICA tax receipts.4

 

[Toddsterpatriot]

So sure we should get rid of the intragovernmental debt by not allowing the raiding of Social Security or the Federal Highway trust etc to pay for other things

What should the Social Security Trust Fund invest in?

It doesn't invest in anything right now because there are zero dollars in the so called trust fund

You said it was raided. You said intragovernmental debt.
Were you wrong then or are you wrong now?

Why do you think there is no money in the so called Social Security "Trust Fund"?

Because it has been used for other things besides Social Security. Therefore it has been raided.

Why do you think there is no money in the so called Social Security "Trust Fund"?

Money doesn't pay interest. That's why there are Treasury Bonds in the Trust Fund.

What should they invest in, instead of Treasury Bonds?

There are treasury bonds in the trust fund because they are IOUs from the government to the government. Those treasury bonds are not the same ones that you can buy but you didn't know that did you?

Gov't Owes Social Security $5 Tril; You'd Pay It Back

The amount of money the federal government has borrowed from the Social Security trust fund, the Medicare trust fund and other government agencies just crossed the $5 trillion mark. Politicians... Read More

www.investors.com

Politicians downplay the number, saying it isn't really debt; it's money the government "owes itself." But the bulk of that $5 trillion doesn't belong to the government. It belongs to current and future retirees. The only way this debt "doesn't count" is if the government has no intention of paying its obligations to America's retirees.

How Are the Social Security Trust Funds Invested?

The Social Security trust funds receive payroll taxes, pay out benefits, and invest any surplus in special government-backed securities.

www.investopedia.com

On a daily basis, funds left after payment of all benefits are invested in special-issue government bonds.2
They are similar to U.S. Treasury bonds, except that they don’t trade publicly. These interest-bearing bonds are a form of IOU to be paid from future FICA tax receipts.4

There are treasury bonds in the trust fund because they are IOUs from the government to the government.

It's true, they invested in Treasury Bonds.

Those treasury bonds are not the same ones that you can buy but you didn't know that did you?

They're special issue, available only to trust funds.
Did you imagine you discovered a secret? DURR.

Politicians downplay the number, saying it isn't really debt; it's money the government "owes itself."

Morons do a lot of things. And?

They are similar to U.S. Treasury bonds, except that they don’t trade publicly.

What should they invest in, instead of Treasury Bonds?

 

[Blues Man]

So sure we should get rid of the intragovernmental debt by not allowing the raiding of Social Security or the Federal Highway trust etc to pay for other things

What should the Social Security Trust Fund invest in?

It doesn't invest in anything right now because there are zero dollars in the so called trust fund

You said it was raided. You said intragovernmental debt.
Were you wrong then or are you wrong now?

Why do you think there is no money in the so called Social Security "Trust Fund"?

Because it has been used for other things besides Social Security. Therefore it has been raided.

Why do you think there is no money in the so called Social Security "Trust Fund"?

Money doesn't pay interest. That's why there are Treasury Bonds in the Trust Fund.

What should they invest in, instead of Treasury Bonds?

There are treasury bonds in the trust fund because they are IOUs from the government to the government. Those treasury bonds are not the same ones that you can buy but you didn't know that did you?

Gov't Owes Social Security $5 Tril; You'd Pay It Back

The amount of money the federal government has borrowed from the Social Security trust fund, the Medicare trust fund and other government agencies just crossed the $5 trillion mark. Politicians... Read More

www.investors.com

Politicians downplay the number, saying it isn't really debt; it's money the government "owes itself." But the bulk of that $5 trillion doesn't belong to the government. It belongs to current and future retirees. The only way this debt "doesn't count" is if the government has no intention of paying its obligations to America's retirees.

How Are the Social Security Trust Funds Invested?

The Social Security trust funds receive payroll taxes, pay out benefits, and invest any surplus in special government-backed securities.

www.investopedia.com

On a daily basis, funds left after payment of all benefits are invested in special-issue government bonds.2
They are similar to U.S. Treasury bonds, except that they don’t trade publicly. These interest-bearing bonds are a form of IOU to be paid from future FICA tax receipts.4

There are treasury bonds in the trust fund because they are IOUs from the government to the government.

It's true, they invested in Treasury Bonds.

Those treasury bonds are not the same ones that you can buy but you didn't know that did you?

They're special issue, available only to trust funds.
Did you imagine you discovered a secret? DURR.

Politicians downplay the number, saying it isn't really debt; it's money the government "owes itself."

Morons do a lot of things. And?

They are similar to U.S. Treasury bonds, except that they don’t trade publicly.

What should they invest in, instead of Treasury Bonds?

They are not
invested in T bonds

The bonds given to the SS trust fund are not traded publicly as they are special issue.

It's no different than you putting an IOU in your wife's wallet after you take 100 dollars that IOU is not an investment

 

[Toddsterpatriot]

They are not
invested in T bonds

The bonds given to the SS trust fund are not traded publicly as they are special issue.

It's no different than you putting an IOU in your wife's wallet after you take 100 dollars that IOU is not an investment

They are not
invested in T bonds

They are. Special issues.
They pay interest just like any publicly traded T Bonds.

It's no different than you putting an IOU in your wife's wallet after you take 100 dollars that IOU is not an investment

What should your wife invest in, instead of your IOUs?

 

[Blues Man]

They are not
invested in T bonds

The bonds given to the SS trust fund are not traded publicly as they are special issue.

It's no different than you putting an IOU in your wife's wallet after you take 100 dollars that IOU is not an investment

They are not
invested in T bonds

They are. Special issues.
They pay interest just like any publicly traded T Bonds.

It's no different than you putting an IOU in your wife's wallet after you take 100 dollars that IOU is not an investment

What should your wife invest in, instead of your IOUs?

They really don't pay interest because they will never be paid off. The government is not paying itself interest on money it "borrows" from The SS Trust Fund.

The government owed 5 trillion dollars to Social Security and it is not servicing that debt pay paying interest to the SS Trust fund. it's a total shell game

If you but 100000 in T bonds you can get a guarantee that at maturity you will actually be paid X in interest.

 

[Toddsterpatriot]

They are not
invested in T bonds

The bonds given to the SS trust fund are not traded publicly as they are special issue.

It's no different than you putting an IOU in your wife's wallet after you take 100 dollars that IOU is not an investment

They are not
invested in T bonds

They are. Special issues.
They pay interest just like any publicly traded T Bonds.

It's no different than you putting an IOU in your wife's wallet after you take 100 dollars that IOU is not an investment

What should your wife invest in, instead of your IOUs?

They really don't pay interest because they will never be paid off. The government is not paying itself interest on money it "borrows" from The SS Trust Fund.

The government owed 5 trillion dollars to Social Security and it is not servicing that debt pay paying interest to the SS Trust fund. it's a total shell game

If you but 100000 in T bonds you can get a guarantee that at maturity you will actually be paid X in interest.

They really don't pay interest because they will never be paid off.

They really do pay interest.

Social Security Interest Rates (ssa.gov)

 

[Blues Man]

They are not
invested in T bonds

The bonds given to the SS trust fund are not traded publicly as they are special issue.

It's no different than you putting an IOU in your wife's wallet after you take 100 dollars that IOU is not an investment

They are not
invested in T bonds

They are. Special issues.
They pay interest just like any publicly traded T Bonds.

It's no different than you putting an IOU in your wife's wallet after you take 100 dollars that IOU is not an investment

What should your wife invest in, instead of your IOUs?

They really don't pay interest because they will never be paid off. The government is not paying itself interest on money it "borrows" from The SS Trust Fund.

The government owed 5 trillion dollars to Social Security and it is not servicing that debt pay paying interest to the SS Trust fund. it's a total shell game

If you but 100000 in T bonds you can get a guarantee that at maturity you will actually be paid X in interest.

They really don't pay interest because they will never be paid off.

They really do pay interest.

View attachment 429815

Social Security Interest Rates (ssa.gov)

YEah OK just like you telling your wife you'll pay interest on that 100 dollar IOU

Are you so naive that you think the government is going to pay interest on the 5 TRILLION dollars it owes to the SS Trust Fund?

 

[Toddsterpatriot]

Are you so naive that you think the government is going to pay interest on the 5 TRILLION dollars it owes to the SS Trust Fund?

They pay interest on the Social Security Trust Fund.

Fast Facts & Figures About Social Security, 2018 (ssa.gov)

Are you ever going to answer the question, "What should they invest in, instead of Treasury Bonds?"

Or are you going to continue showing your ignorance?

 

[Blues Man]

Are you so naive that you think the government is going to pay interest on the 5 TRILLION dollars it owes to the SS Trust Fund?

They pay interest on the Social Security Trust Fund.

View attachment 429818

Fast Facts & Figures About Social Security, 2018 (ssa.gov)

Are you ever going to answer the question, "What should they invest in, instead of Treasury Bonds?"

Or are you going to continue showing your ignorance?

It's pay as you go because there is no money in the trust fund

There is no money in the trust fund because the government has replaced that money with phony made up special issue bonds that don't exist in the real world

 

[Toddsterpatriot]

Are you so naive that you think the government is going to pay interest on the 5 TRILLION dollars it owes to the SS Trust Fund?

They pay interest on the Social Security Trust Fund.

View attachment 429818

Fast Facts & Figures About Social Security, 2018 (ssa.gov)

Are you ever going to answer the question, "What should they invest in, instead of Treasury Bonds?"

Or are you going to continue showing your ignorance?

It's pay as you go because there is no money in the trust fund

There is no money in the trust fund because the government has replaced that money with phony made up special issue bonds that don't exist in the real world

It's pay as you go because there is no money in the trust fund

Cash, no. Bonds, yes.

What should they invest in, instead of Treasury Bonds?

 

[Blues Man]

Are you so naive that you think the government is going to pay interest on the 5 TRILLION dollars it owes to the SS Trust Fund?

They pay interest on the Social Security Trust Fund.

View attachment 429818

Fast Facts & Figures About Social Security, 2018 (ssa.gov)

Are you ever going to answer the question, "What should they invest in, instead of Treasury Bonds?"

Or are you going to continue showing your ignorance?

It's pay as you go because there is no money in the trust fund

There is no money in the trust fund because the government has replaced that money with phony made up special issue bonds that don't exist in the real world

It's pay as you go because there is no money in the trust fund

Cash, no. Bonds, yes.

What should they invest in, instead of Treasury Bonds?

Bonds that do not exist outside of the government

IOW they are an illusion.

And like I said Special issue Treasury bonds are not an investment.

The Treasury Bonds you can buy on the open market are an investment because they will actually be paid off when they mature. Those Special Issue Bonds will never be paid off when they mature they will just be repalced with more special issue bonds

It is a shell game.

Now the SS trust Fund used to actually invest in the same T Bonds the public can buy but they don't do that anymore because those bonds actually had to be paid off

 

[Toddsterpatriot]

Are you so naive that you think the government is going to pay interest on the 5 TRILLION dollars it owes to the SS Trust Fund?

They pay interest on the Social Security Trust Fund.

View attachment 429818

Fast Facts & Figures About Social Security, 2018 (ssa.gov)

Are you ever going to answer the question, "What should they invest in, instead of Treasury Bonds?"

Or are you going to continue showing your ignorance?

It's pay as you go because there is no money in the trust fund

There is no money in the trust fund because the government has replaced that money with phony made up special issue bonds that don't exist in the real world

It's pay as you go because there is no money in the trust fund

Cash, no. Bonds, yes.

What should they invest in, instead of Treasury Bonds?

Bonds that do not exist outside of the government

IOW they are an illusion.

And like I said Special issue Treasury bonds are not an investment.

The Treasury Bonds you can buy on the open market are an investment because they will actually be paid off when they mature. Those Special Issue Bonds will never be paid off when they mature they will just be repalced with more special issue bonds

It is a shell game.

Now the SS trust Fund used to actually invest in the same T Bonds the public can buy but they don't do that anymore because those bonds actually had to be paid off

Bonds that do not exist outside of the government

Yeah, special issue.

And like I said Special issue Treasury bonds are not an investment.

Fine. What should they invest in, instead of these fake bonds?

Those Special Issue Bonds will never be paid off when they mature

When the fund brings in less than they pay out (already happening), the deficit is made up
by these "maturing" bonds.