August 2014
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News for Norther Colorado and the world

Sunday, August 31, 2014

Posts Tagged ‘Treasury’

Social Security Trust Fund

Social Security Trust Fund

  To the Editor, Is the Social Security Trust Fund empty because Congress borrowed and spent the money?  No.  The Fund invested the money in U.S. treasuries, and it will be repaid as needed. Suppose you were in charge of the Fund.  Once the current year’s payments were made, what would you do with the billions of left-over dollars needed to fund future payments? Would you stuff them in a coffee can and bury them in the back yard, where they would earn no interest and ... Full Story

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