'Social Security does NOT add to the deficit'

[TaylorTRoom]

Thread revived to note that the SS Special Issue bonds, being non-tradeable, are worthless if the president decides (in the event of the debt limit not being raised) to not let the treasury issue SS checks. If they were normal bonds, they could be sold (at a decreased value, if there was a chance of late or defaulted payments, like with junk bonds), and the checks could go out.

So, the president has admitted that the SS Trust is a fiction of accounting. Our government is kind of like Enron, isn't it?

 

[LoveHorns]

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