01-05-2011, 05:16 PM
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#4623
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Serenity Now
Join Date: Mar 2003
Location: Survivor Island
Posts: 7,007
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Re: Election 2010: Teabaggin' the Ds & Rs
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Originally Posted by Mmmm, Burger (C.J.)
Maybe I'm misunderstanding you, but as the SS trust fund redeems the Tbills it "owns" to pay benefits (i.e., its net purchases become negative) then Tbills will have to be sold instead to the private sector to finance the debt. But it's still debt, just to someone different. FWIW, the "debt" that is widely cited ($14T and growing) includes the debt to the SS trust fund.
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