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The New DU. The Social Security Trust Fund doesn't and never will add to the federal debt.
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Kaleva
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Thu Jul-28-11 09:40 PM
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| The Social Security Trust Fund doesn't and never will add to the federal debt. |
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Every dollar of special issue bonds the SS Board of Trustees cash in to help meet obligations reduces the Federal debt by 1 dollar. This then allows the U.S. Treasury to borrow another dollar without increasing the debt.
There is some quibble about what effect the interest paid to the Social Security Trust Fund has on the total debt though. This could easily be resolved though by making the special issue bonds non-interest bearing.
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