10th grade -- a little knowledge is a dangerous thing -- Alexander Pope. I know about 10 guys who went to Wharton, came home and took their family businesses into bankruptcy.
I've been aruing that Treasyry can arbitrage -- borrow from our "ally" Japan which owns more debt than anyone at Japanese rates -- 1% -- to retire some of our debt.
I've also been arguing we should endow our trust funds just like the Rockefeller Foundation, Ford Foundation, etc. Deductions to charity do not go into the general funds of the US. I've been concentrating on SS, but it can ap;ply to all the trust funds.
Threats of “bankruptcy” of the two Social Security Trust funds abound in the media, and Trump Administration budgets have cut operational funding. There is reason to worry.
If Social Security is sliding toward a "default" it is because Congress and a succession of presidents would sell their families for a few votes. The default of Trust Funds is supposed to apex in 2034 due to the increase of birth rates of baby boomers. After 2034, birth rates of later generations flatten and the funds can be solvent.
Social Security protects workers, widow(er)s, orphans and disabled people and is a major investment for many of us.
Please donate to create an endowment to slow down the rate. If everyone who donates to say, universities, which aren't really charities, the trust funds would be secure.
Sacred feces Daniel that is what I thought. I imagine that is the basis of Trumps American Sovereign Fund.
On no other good adjective or noun, Sacred Feces.
https://www.whitehouse.gov/fact-sheets/2025/02/fact-sheet-president-donald-j-trump-orders-plan-for-a-united-states-sovereign-wealth-fund/
10th grade -- a little knowledge is a dangerous thing -- Alexander Pope. I know about 10 guys who went to Wharton, came home and took their family businesses into bankruptcy.
I've been aruing that Treasyry can arbitrage -- borrow from our "ally" Japan which owns more debt than anyone at Japanese rates -- 1% -- to retire some of our debt.
I've also been arguing we should endow our trust funds just like the Rockefeller Foundation, Ford Foundation, etc. Deductions to charity do not go into the general funds of the US. I've been concentrating on SS, but it can ap;ply to all the trust funds.
Threats of “bankruptcy” of the two Social Security Trust funds abound in the media, and Trump Administration budgets have cut operational funding. There is reason to worry.
If Social Security is sliding toward a "default" it is because Congress and a succession of presidents would sell their families for a few votes. The default of Trust Funds is supposed to apex in 2034 due to the increase of birth rates of baby boomers. After 2034, birth rates of later generations flatten and the funds can be solvent.
Social Security protects workers, widow(er)s, orphans and disabled people and is a major investment for many of us.
Please donate to create an endowment to slow down the rate. If everyone who donates to say, universities, which aren't really charities, the trust funds would be secure.
https://www.ssa.gov/agency/donations.html
Why doesn't SSA advertise that donations can flatten the curve and extend the default date beyond 2034?
Apparently thie concept (and even the neme) is taken from the Saudi Wealth Fund, which in part, has been undermining our economy since 1973.
OPEC has been dictsting enegrgy prices, which is like a tax on all of us. I've been arguing thaty the USTreasury should sue and recoup lost profits. https://www.congress.gov/bill/118th-congress/senate-bill/678/text
Nor=te that Grassely is the sponsor. This used to be a bipartisan issue.
Damages can fund our economy.