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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Ultra Low Interest Rates ... » Reply #13

Response to eniwetok (Reply #10)

Mon Mar 28, 2016, 12:10 PM

13. The entire premise of the article.

Low interest rates do not, in fact, endanger Social Security.

Congress can set ANY interest rate for SS it wants.

Untrue - but also irrelevant. By law, the trust fund is invested in US treasuries and rates are set by the market - but even if we changed the law and set a higher rate... the money doesn't magically appear. It has to be paid out of government revenue.

Of course - this whole thing is a game where we pretend that there's actually a pool of cash sitting there for future retirees... but let's skip that one.

The entire premise boils down to "SS doesn't have enough money and we should throw more at it". That isn't caused by interest rates.

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eniwetok Mar 2016 OP
TrueDemVA Mar 2016 #1
eniwetok Mar 2016 #4
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FBaggins Mar 2016 #7
eniwetok Mar 2016 #10
LineLineLineReply The entire premise of the article.
FBaggins Mar 2016 #13
eniwetok Mar 2016 #19
FBaggins Mar 2016 #34
eniwetok Mar 2016 #42
eniwetok Mar 2016 #22
Hoyt Mar 2016 #28
eniwetok Mar 2016 #43
FBaggins Mar 2016 #33
eniwetok Mar 2016 #21
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eniwetok Mar 2016 #44
Wounded Bear Mar 2016 #16
eniwetok Mar 2016 #20
Wounded Bear Mar 2016 #27
Hoyt Mar 2016 #29
jeff47 Mar 2016 #31
eniwetok Mar 2016 #45
strategery blunder Mar 2016 #47
Omaha Steve Mar 2016 #18
WhiteTara Mar 2016 #26
eniwetok Mar 2016 #36
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