> The alternative would be a larger deficit, for which you'd sell more UST bonds, which the entitlement programs would then buy since they need a safe place to park their surplus.
It's not clear that UST bonds are a safe place....
SS has made a lot of promises. It's unclear that they'll be satisfied. And, to be fair, there's no legal obligation to satisfy them.
The whole "we lent the money to the federal govt" angle will make it harder to fix SS.
It's not clear that UST bonds are a safe place....
SS has made a lot of promises. It's unclear that they'll be satisfied. And, to be fair, there's no legal obligation to satisfy them.
The whole "we lent the money to the federal govt" angle will make it harder to fix SS.