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Politics : Formerly About Advanced Micro Devices
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To: neolib who wrote (215403)1/19/2005 3:22:51 PM
From: Tenchusatsu  Read Replies (1) of 1573849
 
Neolib, I'm left with the feeling that you see a difference in investment quality between T-bills and the special treasury notes help by the SS Admin.

In terms of accounting, as long as we account for all of it properly (e.g. by stating the true deficit and not counting SS benefits and revenues as part of general budget), there is no real difference.

The only problem I have is the fact that government chooses the investment vehicle for the SS "trust fund." Of course, the only investment vehicle that makes sense in this case would be T-bills, but as noted before, that only fuels the federal government's thirst for more spending and bigger government. And to me, that's a sort of "conflict of interest" that needs to be addressed.

Tenchusatsu
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