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Economy

sprinkleeninow

(20,562 posts) Sat Jan 21, 2023, 03:41 PM Jan 2023

I don't understand. Yellen put forth 2 policies that can be implemented to avert the debt limit [View all]

issue and have the government meet payment obligations. Part of it reads having to borrow $$. What I don't get is: funds to make SS benefit payments are in a trust fund so why a need or even a consideration to 'borrow' $$ for this??

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I don't understand. Yellen put forth 2 policies that can be implemented to avert the debt limit [View all] sprinkleeninow Jan 2023 OP

Because the SS trust fund is an accounting ledger and polite fiction? RockRaven Jan 2023 #1

Because the SSTF has only one kind of asset: special issue U.S. Treasury securities progree Jan 2023 #2

Bottom line: who has paid in accordingly should get their anticipated benefit payments. sprinkleeninow Jan 2023 #4

Are you sure? Part A is no premium unless one has not worked 40 quarters. Everyone pays Part B progree Jan 2023 #6

Sheesh, I had it reversed. A is hospital, not doctors. That's been $0 charge sprinkleeninow Jan 2023 #8

Yes, and thanks for all those important details. Farmer-Rick Jan 2023 #5

You're welcome progree Jan 2023 #7

Ummm... The SS Trust Fund is invested in US bonds. Girard442 Jan 2023 #3