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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (288)	9/1/2011 10:12:18 AM
From: KyrosL	1 Recommendation Read Replies (1) \| Respond to of 85487

Can you explain how that would be done? The first and most important effect of putting the SS surplus "in a lock box" would have been that the government would no longer be able to add the SS surplus when figuring out the deficit. No more fake "surpluses". I think it would have been an important psychological effect. The second would be that the SS surplus could now be viewed as a pension fund, and like all other pension funds, it could be invested to maximize returns rather than buying exclusively Treasuries. This discussion is unfortunately academic. The opportunity for a substantial real SS Trust fund is gone. This year the government gave out more SS benefits than it received contributions.