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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (69919)	5/4/2018 6:24:34 PM
From: TimF	Read Replies (1) \| Respond to of 363139

It might be meaningless to you, but the interest received for the money it "can't" lend is all that stands between + and - on the SSTF bottom line. It didn't receive any interest in this case. Because it is the government and the government didn't borrow or lend, within the government the treasury and the SSA did. Also for internal government transfers I didn't say the treasury didn't pay the trust fund, but that it didn't extract anything from it. It got the money from SS taxes, not from bonds in the fund. As for plus and minus on the bottom line for the internal sub-units of the government, the Social Security program will soon be in deficit even with the interest, then a few years more down the line it won't have enough to make payments under the current formula from taxes and there wont be any interest or principle from the trust fund bonds because they will have been paid back. At that point you get a cut, maybe from one benefit check to the next or at least within the same year, of about a quarter.