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Strategies & Market Trends : Asia Forum
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To: DMaA who wrote (870)1/14/1998 11:45:00 PM
From: Zeev Hed  Read Replies (3) of 9980
 
David, I am not sure about your explanation. Assume for a minute that the excess SSI was not put into treasuries, where will that money be kept? Will it earn interest there? What happens when the bond in the SSI chest matures, does it not go back to pay SSI requirements? The fact that the excess funds goes into treasuries (rather than speculating in the stock market as some are suggesting-privatization) is just a measure of conservativeness. Treasuries are currently considered the safest investment paying interest, so the excess SSI accumulates there, and when these bonds come due they are paid up, if I bought a bond, I would be paid back and it is the same with SSI, if they bought a bond and it becomes due it is paid back. I just do not see a problem in putting the excess funds into treasuries.

Zeev
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