The Social Security Administration holds about $2.5 trillion in U.S. bonds. This year, they will cash in about $29 billion in order to pay benefits.
That's the good news.
The bad news?
According to Barbara Kennelly, a former Democratic congresswoman from Connecticut who is now president of the National Committee to Preserve Social Security and Medicare:
"Those bonds are protected by the full faith and credit of the United States of America," Kennelly said. "They're as solid as what we owe China and Japan."
That's the good news.
The bad news?
According to Barbara Kennelly, a former Democratic congresswoman from Connecticut who is now president of the National Committee to Preserve Social Security and Medicare:
"Those bonds are protected by the full faith and credit of the United States of America," Kennelly said. "They're as solid as what we owe China and Japan."
Posts
1 comment:
Ohhhhh.... NOT good...
Post a Comment