The Trump Presidency Message Board

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Politics : The Trump Presidency

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To: TimF who wrote (69881)	5/4/2018 4:03:11 PM
From: Wharf Rat	Read Replies (1) of 363076

"The trust fund is not some external store of value that the government can draw on" No; it's a separate entity that the general fund can borrow from. "The trust fund doesn't reduce federal borrowing from Chinese, Europeans, Japanese, Arabs, Koreans etc. (or from Americans)" You see the important one at the end; " or from Americans"? Well, the SSTF is one of those Americans. Under both the 1935 act and the 1939 amendments, the accumulated reserves were invested in interest-bearing Treasury securities, with the interest accruing to the reserves. 1 ssa.gov

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