bripat9643
Diamond Member
- Apr 1, 2011
- 170,164
- 47,312
You obviously don't understand accounting if you believe the so-called "Trust Fund" is worth anything.Because the public is the only party that can pay off the bonds. You keep ignoring the fact that the bonds are an obligation of the taxpayer.Exactly. The net change is $0.00. Zero, zip, nada, nothing.
Bingo! The trust fund reduced the amount of debt the Treasury had to sell to the public.
Not by one cent.
$2 trillion in the Trust Fund didn't reduce borrowing from the public by $2 trillion?
Why not?
kinda like talking to a garden slug, isn't it?
Sorry, I don't know any slugs that understand accounting.