Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

El_Johns

(1,805 posts)
118. The SS TF is part of the federal debt.
Fri Dec 13, 2013, 11:59 PM
Dec 2013

Total federal debt, which was about $16.1 trillion at the end of fiscal year 2012, consists of two components: (1) debt held by the public and (2) debt held by government accounts (also known as intragovernmental debt holdings), such as the Social Security and Medicare trust funds.

http://www.gao.gov/special.pubs/longterm/debt/debtbasics.html


SS debt is being turned over on a regular basis. It's not just all sitting there until 2019. They cash it in & out pretty routinely.

The above properties of special issue securities are summarized in the following table.

Type of special issue Investment frequency Maturity

Certs of indebtedness Daily Next June 30
Bonds June 30 1 to 15 years


http://www.ssa.gov/oact/progdata/specialissues.html

This message was self-deleted by its author [View all] lostincalifornia Dec 2013 OP
Hopefully, Warren's ideas and stances will be part of 2014 and 2016. djean111 Dec 2013 #1
She represents what all Democrats used to stand for. Unfortunately, unless Hillary tactics change lostincalifornia Dec 2013 #2
unless of course she gets some new advisors who want their candidate to really take a stand on those djean111 Dec 2013 #3
Yes. The disappointment with Obama is that his heart is in the right place, and he gives great, JDPriestly Dec 2013 #61
I try not to guess where people's hearts are or read anyone' mind. merrily Dec 2013 #65
Link to video. go west young man Dec 2013 #78
Did you mean to post that to me? If so, why? merrily Dec 2013 #79
It's not for you. Sorry about that. go west young man Dec 2013 #82
Good to know. Thanks. merrily Dec 2013 #83
That was a thing of beauty - first chance I've had to watch liberalla Dec 2013 #97
Yep. Ignore what they say, watch what they do. n/t Egalitarian Thug Dec 2013 #112
Yes, I've learned: "Don't believe what people say; believe what they do." Lydia Leftcoast Dec 2013 #119
As long as Hillary gets $200,000 a shot to tell the bankers how cool they are... starroute Dec 2013 #6
Hillary tactics? AgingAmerican Dec 2013 #7
Shhhhhh WowSeriously Dec 2013 #10
"Hillary isn't president". Wilms Dec 2013 #28
I SOOOOOOOO Very Much Agree With You! ChiciB1 Dec 2013 #72
Even if Clinton started agreeing with Warren on Social Security, I wouldn't believe her dflprincess Dec 2013 #74
Not to mention... ReRe Dec 2013 #84
and that Tuzla moment. omg. Whisp Dec 2013 #88
The Obama administration has been riddled with Goldman Sachs execs AgingAmerican Dec 2013 #86
No surprise regarding President Obama, since most of his advisors had the same philosophy as Bill lostincalifornia Dec 2013 #47
Hillary didn't run in '04... Jack Bone Dec 2013 #95
Thanks, I messed up lostincalifornia Dec 2013 #99
It would be nice if they could manage to have a thread about Warren Beacool Dec 2013 #54
"Divisive"?? The Democratic Party has two very distinct factions. One supports the 99% rhett o rick Dec 2013 #58
There aren't many people who you would agree with 100% decrepittex Dec 2013 #60
Not to put too fine a point on it, but... socialist_n_TN Dec 2013 #66
Actually, neither choice is a vote for the R candidate. merrily Dec 2013 #68
Be nice if life where as simple as choosing between D and R. rhett o rick Dec 2013 #106
You are correct--- nikto Dec 2013 #94
Hillary is divisive. She doesn't communicate to people to the left of her. JDPriestly Dec 2013 #62
Yeah, sure. Beacool Dec 2013 #64
I'm not so sure that is true. blue14u Dec 2013 #92
What are you talking about? Beacool Dec 2013 #101
Two corporatists. Not a real choice. merrily Dec 2013 #129
But why would you choose her, that is clearly a tool of Wall Street? Do you really rhett o rick Dec 2013 #110
If you're going to push someone as the inevitable nominee... Marr Dec 2013 #90
The media is the one pushing her, she hasn't said anything on the subject. Beacool Dec 2013 #102
It could be because blue14u Dec 2013 #91
I disagree that she would lose Independent support. Beacool Dec 2013 #103
Hillary is a founding member of the Democratic Leadership Council, was a member of the merrily Dec 2013 #67
^^^THIS^^^ blue14u Dec 2013 #93
So bleeping what????? Beacool Dec 2013 #104
But what evidence do you have that she changed since then? BTW, the DLC was not in the 90's merrily Dec 2013 #130
Hillary? She will be 70 and a blood clot in her brain! . caledesi Dec 2013 #73
that is why i won`t support her madrchsod Dec 2013 #76
Warren is a bit less than two years younger than Hillary. Beacool Dec 2013 #107
Agree. Hey, I am your age too. caledesi Dec 2013 #131
She will be 69 and the blood clot was due to a concussion. Beacool Dec 2013 #105
I'm sure Hillary will take action on the 1%... L0oniX Dec 2013 #5
About the same time as Obama? lark Dec 2013 #20
Yes, but Obama can't run again. merrily Dec 2013 #70
she's about as Conservative PatrynXX Dec 2013 #50
they Are opposite. n/t Whisp Dec 2013 #46
This message was self-deleted by its author go west young man Dec 2013 #77
When the money for the military is over half of the yearly budget the gorilla should be obvious. L0oniX Dec 2013 #4
While Military Spending Is Huge It Is Roughly 1/4 Of The Federal Budget DallasNE Dec 2013 #11
also justabob Dec 2013 #17
I can confirm that statment. EOM Veilex Dec 2013 #18
More than half of discretionary spending, truebluegreen Dec 2013 #37
Well ...we all have our info sources. L0oniX Dec 2013 #108
Your First Post Said "Budget", Not "Discretionary Spending" DallasNE Dec 2013 #109
You have to watch the weasels very closely. Military and defense are not the same, when Egalitarian Thug Dec 2013 #113
A good part of our $16 trillion national debt NewJeffCT Dec 2013 #8
Thats confusing, No Money is owed to SS. And wont be until FogerRox Dec 2013 #27
Bondholders are "owed money" by definition. n/t yodermon Dec 2013 #38
I described the process correctly,no? FogerRox Dec 2013 #75
The SS TF is part of the federal debt. El_Johns Dec 2013 #118
Every quarter they roll over mature Treasuries FogerRox Dec 2013 #121
? I don't understand your point. The Social Security admin claim that I linked says: El_Johns Dec 2013 #125
Bruse Webb explains why thats misconstrued. FogerRox Dec 2013 #122
Social Security's surplus = a debt to the general budget, because the surplus SS taxes are borrowed El_Johns Dec 2013 #124
I see you didnt read it. FogerRox Dec 2013 #127
But I DID read it. You didn't post the summary comments: El_Johns Dec 2013 #128
I wrote to my senators & rep about this. CrispyQ Dec 2013 #41
great chart NewJeffCT Dec 2013 #51
Thank You, Elizabeth Warren. bvar22 Dec 2013 #9
Fabulous, Bvar! Keep that link forever... magical thyme Dec 2013 #44
"Our Party" isn't ours anymore. In my mind, the question is NOW WHAT? polichick Dec 2013 #69
She rocks the talking heads..... BrainDrain Dec 2013 #12
What would Hillary do...? WhaTHellsgoingonhere Dec 2013 #13
Why? Does Hillary have to respond every time Warren speaks about some issue? Beacool Dec 2013 #55
Warren is painting Hillary into a corner... WhaTHellsgoingonhere Dec 2013 #56
A private citizen who is again being touted as the Democratic front runner. progressoid Dec 2013 #59
She'd make some of those famous chocolate chip cookies. n/t ReRe Dec 2013 #85
Warren For President 2016 cantbeserious Dec 2013 #14
+1M. closeupready Dec 2013 #16
+2M lark Dec 2013 #21
. closeupready Dec 2013 #25
FYI Laelth Dec 2013 #32
FYI Laelth Dec 2013 #31
Done - thx! closeupready Dec 2013 #34
My pleasure. n/t Laelth Dec 2013 #35
FYI Laelth Dec 2013 #30
+1 a whole bunch.......nt Enthusiast Dec 2013 #52
I adore this senator, simply the BEST! SpcMnky Dec 2013 #15
Many Democrats are as invested in freeing up SS funds as Republicans... polichick Dec 2013 #19
Many Dems are truly not worthy of that designation, IMO lark Dec 2013 #22
True - imo the fight to take back the party will be harder than... polichick Dec 2013 #23
We definitely have a rough path to follow & it's all uphill. lark Dec 2013 #24
imo the word will get out through the internet and social media... polichick Dec 2013 #26
I think Sherrod Brown is on the side of the people as well. nt magical thyme Dec 2013 #45
+1 a whole bunch.......nt Enthusiast Dec 2013 #53
k&r for Elizabeth Warren. n/t Laelth Dec 2013 #29
HUGE K & R !!! WillyT Dec 2013 #33
Why would Democratic Leadership pay any attention to truedelphi Dec 2013 #36
K&R liberal_at_heart Dec 2013 #39
And another kick for Elizabeth Warren! bvar22 Dec 2013 #40
I'm ready for our first female President! mbperrin Dec 2013 #42
The morning hosts on Bloomberg are the most overt of the right-wing apologists... truebrit71 Dec 2013 #43
no question about it, however, compared to cnbs, and most of the other networks, it is still better lostincalifornia Dec 2013 #48
every one of their voices hopemountain Dec 2013 #49
Would default allow the US to "write off" Social Security? alfredo Dec 2013 #57
What Default Means Is That Overnight We Have A Balanced Budget Imposed DallasNE Dec 2013 #81
That would be the last thing a conservative would want. Whatever that is now. alfredo Dec 2013 #114
Social Security running a deficit K lib Dec 2013 #63
Bullshit. It has a 1 trillion dollar surplus n/t eridani Dec 2013 #96
$2.8 trillion, to be exact. El_Johns Dec 2013 #117
Not wrong and you didnt read the rest of my post K lib Dec 2013 #120
And? That is precisely what is supposed to be happening eridani Dec 2013 #126
$2.8 trillion dollar surplus. El_Johns Dec 2013 #116
Good. Maybe she can explain it to the White House and Congress, too. merrily Dec 2013 #71
Kicked and recommended. Uncle Joe Dec 2013 #80
K&R ReRe Dec 2013 #87
What the Social Security Administration needs...... DeSwiss Dec 2013 #89
Why wont Democrats besides Elizabeth Warren and (I) Sanders INdemo Dec 2013 #98
What being suggested here is highly immoral raindaddy Dec 2013 #100
Nice little sneak-in there of Sen. Warren being asked if she will run for POTUS... ChisolmTrailDem Dec 2013 #111
K&R This is NEWS... Jasana Dec 2013 #115
K&R B Calm Dec 2013 #123
Latest Discussions»General Discussion»This message was self-del...»Reply #118