tag:blogger.com,1999:blog-4290163255778893789.post1978250860457547041..comments2024-03-16T05:19:07.061-04:00Comments on Retirement Blues: The Social Security Trust FundJazzbumpahttp://www.blogger.com/profile/07337490817307473659noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4290163255778893789.post-85777962698561051862011-02-20T14:15:01.972-05:002011-02-20T14:15:01.972-05:00Jerry -
I think reduce the current deficit is rig...Jerry -<br /><br />I think reduce the current deficit is right.<br /><br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-57897460793845945082011-02-20T13:30:43.243-05:002011-02-20T13:30:43.243-05:00If anything, SS either has no impact on the curren...If anything, SS either has no impact on the current deficit or it has helped to significantly reduce the current deficit by the amount of money that has been "borrowed" from it.Jerry Critterhttps://www.blogger.com/profile/01870618647449723147noreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-30851018824599439252011-02-20T13:25:43.789-05:002011-02-20T13:25:43.789-05:00It all comes down to word games, I guess. But the...It all comes down to word games, I guess. But the point is - contra the article I'm attempting to take down here - SS is not a contributor to current deficits, and does not present long term problems that can't be solved very easily.<br /><br />I'm fine with SS as a transfer program, too. The problem in this country now is ignorant nativist right wing populism - IMHO the most destructive force possible in an actual democracy.<br /><br />We are living in a very crucial moment. Right wingers will take us back to the dark ages - if we will allow it.<br /><br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-55960304155552314652011-02-20T12:05:53.848-05:002011-02-20T12:05:53.848-05:00The trust fund is arithmetically meaningless. It j...The trust fund is arithmetically meaningless. It just doesn't matter whether the taxes flow through the general fund or through the trust fund. Same inflows and outflows either way.<br /><br />But rhetorically and politically, it is far from meaningless. Without the trust fund, SS is a transfer program rather than a savings account.<br /><br />Personally I'm fine with that. But others decidedly aren't.Steve Rothhttp://asymptosis.comnoreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-14076011296415153212011-02-14T16:09:07.841-05:002011-02-14T16:09:07.841-05:00The reason I ask is this, when SS starts to draw f...The reason I ask is this, when SS starts to draw from the money "loaned" to the government, if the government is still running a deficit, then they will have to borrow the money to pay what is owed to SS. <br /><br />If the SS owed money is already accounted for in the debt, the debt total will not change. The only change is who is owed the money. <br /><br />If the money is not accounted for in the debt, the debt will increase, lending credence to the argument that SS is increasing the debt.Jerry Critterhttps://www.blogger.com/profile/01870618647449723147noreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-73990708030535521472011-02-14T14:36:07.542-05:002011-02-14T14:36:07.542-05:00Jerry -
Good question.
I really don't know.
...Jerry -<br /><br />Good question.<br /><br />I really don't know.<br /><br />It's an asset to the fund, and a liability to the Treasury. Maybe that makes it a wash. (?!?)<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-43755373406664868872011-02-14T13:57:43.712-05:002011-02-14T13:57:43.712-05:00Is the money "borrowed" from SS included...Is the money "borrowed" from SS included as part of the total US debt? In reality it is, but does it show up in the debt numbers?Jerry Critterhttps://www.blogger.com/profile/01870618647449723147noreply@blogger.com