----- Original Message ----- From: "Erik Reuter" <[EMAIL PROTECTED]> To: "Killer Bs Discussion" <[EMAIL PROTECTED]> Sent: Monday, April 05, 2004 11:39 AM Subject: Re: Dan says SS = SSA
> On Mon, Apr 05, 2004 at 08:14:37AM -0500, Dan Minette wrote: > > > Actually, its government bonds right now. On paper, the SS trust fund > > includes the money it makes from the interest accumulated from the > > government bonds it has invested in. > > All of it? I've never seen a clear explanation for how they account for > government borrowing from the SS trust fund. Here's a table that gives some information http://www.ssa.gov/cgi-bin/investheld.cgi It looks as though, as the money comes in and is spent by the government, certificates of indebtedness are issued. They are converted to bonds in June of each year. I'm not sure why 20 billion of bonds went back to certificates of indebtedness between June and Sept. '03, but that's almost chump change when dealing with 1.3 trillion. :-) Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
