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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (215214)	1/17/2005 2:01:08 PM
From: Road Walker	Respond to of 1573439

re: You'd still have to raise the cash to maintain the current benefits. No, just sell some of the treasuries in the current surplus and transfer the money to an S&P fund. The SS balance sheet would look the same; the federal deficit might look worse, I'm not sure how they would treat it for budget accounting. John

To: Alighieri who wrote (215214)	1/17/2005 7:13:09 PM
From: RetiredNow	Respond to of 1573439

How so? The SS Trust Fund holds T-Bills. Those could be repackaged and sold on the open market, without the U.S. gov't ever having to come up with the cash to pay them off. Wall Street would swallow those T-Bills up in a second. As on Wall Streeter put it, the SS Trust Fund assets are a "rounding error on Wall Street." As far as maintaining full benefits after 2042, it is much more probable that full benefits will be maintained if you increase the Trust Funds rate of return by investing some of its assets in stock. You could ostensibly even fix the problem by John's suggestion alone.