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The Social Security Trust Funds Have Always Been ‘Dry’

The Social Security Trust Funds (SSTF) are not ‘running dry’: they have always been dry. SSTF has no good place to park its assets: those assets would exceed anything the stock market could handle, and would thereby make SSTF a monopoly player in the market. For that reason, SSTF assets are kept in the form of non-marketable Treasury bonds. The Treasury has no place to park money either: it cannot invest idle funds (if those existed) in the open market, because that would make the government into a participant in the market….Read More

 

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