PzKfW IVe
Banned
- Joined
- May 12, 2011
- Messages
- 1,845
- Reaction score
- 289
- Gender
- Male
- Political Leaning
- Very Conservative
You DO know that the SSTF bonds are not like normal bonds - they are held by the US government and represent nothing more than an accounting entry - right?"Far from being "worthless IOUs," the investments held by the trust funds are backed by the full faith and credit of the U. S. Government.
They are guaranteed by nothing more than Congress' promise to square up the accounting. There's NO FF+C issue here because SS did not lend the money to anyone.