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To: DManA

There are no reserves. SS and HI (Medicare Part A) are pay as you go systems. Any “surplus” is put into the General Fund and Treasury deposits IOUs in the form of non-market T-bills into the trust funds, which represent an unfunded liability.


12 posted on 08/05/2010 9:41:37 AM PDT by kabar
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To: kabar

I had no idea my post was so ambiguous. I’ve written what you posted so many times I’m weary. Sigh.


30 posted on 08/05/2010 12:20:14 PM PDT by DManA
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