On 02/18/2015 12:20 AM, Baxter wrote:
Doug Winterburn wrote in
eb.com:

On 02/17/2015 07:59 PM, Baxter wrote:

And the Social Security Trust Fund is Public Debt.


Wrong again. The SS trust fund contains non marketable
intragovernmental debt.

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By law, income to the trust funds must be invested, on a daily basis, in
securities guaranteed as to both principal and interest by the Federal
government.

Marketable securities are subject to the forces of the open market and
may suffer a loss, or enjoy a gain, if sold before maturity. Investment
in special issues gives the trust funds the same flexibility as holding
cash.

Far from being "worthless IOUs," the investments held by the trust funds
are backed by the full faith and credit of the U. S. Government. The
government has always repaid Social Security, with interest. The special-
issue securities are, therefore, just as safe as U.S. Savings Bonds or
other financial instruments of the Federal government.

http://www.ssa.gov/oact/progdata/fundFAQ.html


Instead of more obfuscation, why not admit you're wrong in claiming that
the SS trust fund contains Public Debt?

--
"Socialism is a philosophy of failure,the creed of ignorance, and the
gospel of envy, its inherent virtue is the equal sharing of misery"
-Winston Churchill