Quote:
Originally Posted by Riot
When we need money, we sell some of those Treasuries off. You realize that's how Social Security earns additional interest money while sitting there, right? We will not put that money into a dangerous, volitile stock market market. It's against the law to risk it that way (good thing, as it would have lost 1/3 of it's value in the past decade!) It's safe in the safest bonds in the world.
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If the SS fund held actual treasury bills they would have easily been able to sell them on the market and send checks out. Sadly they don't but rather have Treasury credits. That's my point.
Wish we could all pay our ss tax in credits but the government only takes cash. Also wish the SS fund received the same interest rate the IRS charges a late tax payer.
08-02-2011, 04:01 PM
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