Off-Topic: Treasury is at it again.
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Name:
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GoneFishin
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Subject:
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Treasury is at it again.
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Date:
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3/25/2017 5:46:15 PM (updated 3/25/2017 5:49:45 PM)
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Guess you can thank Trump since it is Trump's nominee running the Treasury. This is just the beginning. Wait until they finish changing Dodd-Frank and elimnate some of the protections for you and me.
What does the Government currently invest the money? They are looking for money wherever they can find it.
As to SS, I often wondered where the treasury should invest the money? They loan it to the Government just like China does when they buy Treasuries. The Government pays it back with interest and benefits are paid.
If SS kept it in a lock box, they would buy Treasuries with the funds and the Government would spend the money. The bottom line is the Government will have access to the funds to use, invest, and pay out benefits.
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