OBBBA Would Accelerate Social Security & Medicare Insolvency

Investment Analysis Clubs Macro Economic Trends and Risks
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Both Trump and Biden pledged to not touch Social Security. If you don’t touch it, there will be automatic cuts by 2032.

They have also pledged not to cut benefits, which is a different animal.

Neither president did anything in their terms to shore up solvency of the funds. In fact, Trump sped up the demise by about 9 months.

Of course. the entire idea of a trust fund is ludicrous because 100 percent of the trust fund has been borrowed and spent.

This will get resolved in the usual way, bigger deficits while doing nothing about the issues.

Sounds about right.

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In the simplest of terms, the SS funds are invested in US Treasuries, being quite possibly the safest investment the fund could make. This leads me to my question of, what would you prefer the trust fund do with those funds, if not invested in Treasuries?

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I question the safety of the SS funds.

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That is the math with corporate taxes at 21% and slow GDP growth.

Stupid

Adding, it is lame to think we need a growing population to counter this versus a faster growing real GDP.

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This means you question the safety of Treasury obligations. And my question of what else those funds should be invested in still stands.

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That crossed my mind when #43 was waving a three ring binder and bellowing “there’s your trust fund, nothing but worthless IOUs”. The binder contained receipts for United States Treasury bonds.

Why they should be invested in crypto, that “himself” has a financial interest in, right?
/sarcasm

Steve