Social Security Trust Fund May Be Worth Less Than Zero


It is well known, if not universally acknowledged, that the Social Security Trust Fund doesn’t hold any assets of value to offset the government’s cost of benefits.

Every dollar’s worth of special-issue Treasury bonds held by Social Security — and there are currently about $2.6 trillion worth — is a dollar that Treasury must come up with by issuing new debt, raising taxes or taking away from the rest of government, which is in far worse fiscal shape.

Continue reading

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments