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Strategies & Market Trends : Asia Forum
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To: Mark Nelson who wrote (867)1/14/1998 10:19:00 PM
From: DMaA  Read Replies (3) of 9980
 
All SSI funds collected in excess of current expenses are used to purchase Federal Bonds. The proceeds from the bond purchases are put into the general fund ( and of course immediately spent ). The bonds are placed into the SSI trust fund. The true magnitude of the deficit is masked by the amount of this excess.

The SSI crisis will hit not when the trust find is exhausted since the trust fund contains only promises to tax future tax payers. The crisis hits the day expenses start to exceed income and so begin to ADD to the deficit instead of offset it. This will happen pretty soon.
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