Reply to What Would You Be Willing to Do to Save SS?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Point of clarification:

The Social Security Trust Fund is invested in U. S. Treasury Bonds, the same thing that investors treat as the world's safest investment.

http://www.cbpp.org/research/social-security/policy-basics-understanding-the-social-security-trust-funds[/quote]

This. If you don't trust government bonds, then you should dump all your savings bonds and any mutual funds that contain government bonds.

Like marketable government bonds, the bonds held by Social Security are legally backed by "the full faith and credit of the US government." This means that Congress would have to pass a special law to reverse this, so that Treasury would no longer redeem Treasury bonds held by Social Security when mature or presented. The chances of Congresspeople doing this to their senior constituents are zero. I'd add that this would also spook international financial markets and the US' many overseas creditors, but the geniuses in Congresses don't seem to care about that. So I'll stick to the point that they're all beholden to their senior constituents, who vote.[/quote]

Or, we could just elect Donald Trump, and he'll renegotiate the debt on the money we owe ourselves, so that we can all poke ourselves in the ass when we retire.[/quote]

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