pretty sure "boomers" paid their own social security and pensions....you're going to be a "boomer" some day... hahaha, you'll be on the euthanasia train!
You're mistaken. Almost all of SSI's "assets" are in the form of treasury bonds. Their cash would run out in 2-3 days at typical outflow rates. Treasury bonds are money that the Federal government spent, then handed its wholely owned subsidiary an IOU. From an accounting perspective these aren't assets for the same reason "lending" your spouse $100 to buy groceries isnt an asset. The money is spent, the groceries eaten, and your spouse is just going to "repay" you from your joint bank account. The Boomers blew their SSI money decades ago and are lying if they claim anything they're receiving now is from their own contributions.
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