Re: EU asking for a lot of money
Uh, the Social Security Trust Fund consists of U.S. Treasury obligations, backed by the full faith and credit of the U.S. Government. U.S. Treasury debt is still considered one of the very safest investments in the entire world. It would be blatantly unconstitutional under the Fourteenth Amendment for Congress to simply "tear it up."
It's such a myth that the Trust Fund consists of "worthless paper." Let's see, we have a surplus, that we want to use to keep Social Security solvent for as long as possible. Should we invest it in one of the safest investments in the world, namely U.S. Treasury obligations? Or should we just leave it as a pile of cash in a drawer somewhere, earning no interest whatsoever? Which one sounds like a better plan?
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