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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Hawkmoon who wrote (3016)2/17/2001 9:19:45 PM
From: Fiscally Conservative  Read Replies (1) of 3536
 
Ron

"The very definition of surplus is that the SSTF is taking in more than it is paying out in SS benefits. In fact, the SSTF is AWASH IN SURPLUSES.. And if those surpluses were permitted to be invested in AAA corporate or mortgage bonds, actual hard assets and not governmental obligation notes, then it wouldn't be so severe an issue, but they're not. The sole place those surpluses can be parked is in Govt treasuries."

"Thus, if we take whatever portion of those surpluses not immediately required for current benefit payments, they can be applied to private retirement purposes."

"And overall, what is accomplished is that economic growth will be spurred and grow to such a size that by the time the boomers retire, many of them will be so wealthy they won't need SS (means testing). That will leave the remainder for those less fortunate.. AS IT WAS INTENDED ORIGINALLY."
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How would this wealth be generated. The mere idea that because this extra capital could or would be invested in private markets does not mean there would be huge wealth generated down the road for all that invested. I would think it is much more complicated than that,although I am not so sure. Is is expectable as a debter nation to continue to grow wealth by means of domestic private capital investments without a reversal of the current capital trade deficits? What would happen if there were ever a world wide flight of capital out of US Treasuries. All of this confuses me.
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