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In reply to the discussion: Ultra Low Interest Rates A Threat To Social Security [View all]eniwetok
(1,629 posts)19. sorry... you're incorrect
OF COURSE if we paid high interest rates it would come out of general funds. But why should we be involuntarily taxed for a specific purpose... then have no floor on how low interest rates can sink? These are not "market" interest rates... they are essentially set by the FED first. The "market", to the extent it's involved in treasury auctions, is secondary. Are you saying workers who are taxed only to have their money diverted into general funds for any purpose should tolerate getting interest that's below inflation?
And OF COURSE, all things being equal, if the fund received a higher interest rate it would extend the fund's longevity.
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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