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
General Discussion
In reply to the discussion: Ultra Low Interest Rates A Threat To Social Security [View all]FBaggins
(26,681 posts)15. You're missing the point
The interest is paid by the government TO the government. It doesn't create any money. If they pay an extra trillion dollars to SS without increasing taxes to cover it... they're just borrowing a trillion dollars to do it. It isn't that a trillion dollars isn't a lot of money... it's that ANY amount is irrelevant if all you're doing is taking on debt on one ledger to pay down debt on another.
There is no way to increase income to SS without increasing taxes or investing in riskier options.
Edit history
Please sign in to view edit histories.
57 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
From previous reports. Just because they're not online does not mean they do not exist.
jeff47
Mar 2016
#41
Well, yeah Congress can always amend the SS Act. But until they do that, it's pretty much a market
Hoyt
Mar 2016
#28
I think they have driven rates down in the hopes of spurring job creating business.
Hoyt
Mar 2016
#29
And it hasn't worked well because of other issues that only Congress, not the Fed, can address.
strategery blunder
Mar 2016
#47
Agreed. Allowing giant banks to borrow money for free from the taxpayers without no requirement
GoneFishin
Mar 2016
#51