[sickoflibs]

But this ponzi had a trust fund, it was invested in US securities which are the safest, except when the mean Rs mess with the debt limit.
So it adds nothing to the debt because all those securities are safe as long as mean Rs extend the debt limit

HA-HA, Dems actually talk like this on TV and dont get challenged.

Ask a Dem if SS is funded if the debt limit is not extended

[Wolfie]

I go round and round with people on this.

“But the money is in T-Bills”, they say.

Ok, so what happens when the gov’t needs the money to pay benefits? (BTW, these T-Bills are non-marketable, they cannot be sold).

“They just cash in the T-Bills”.

And if they don’t have the money to cash in the T-Bills?

Blank stare.

In other words, writing an IOU to yourself for a million dollars doesn’t make you a millionaire.

That 2.somthing trillions they say is in the SS trust fund is nothing but an accounting entry. The money is gone, spent, vapor, not there, irretrievable. And an IOU from a someone who’s bankrupt is worth nothing. That’s what these special T-Bills are, IOU’s.