So pissy you can’t even type straight? Breathe, tiger. Go touch grass.
Comment on Keep in mind that social security is set to run out in 10 years time.
JustMy2c@lemm.ee 11 months agoSure granny, go believe them,I’m sure those 2 trillion arnt in some loss leading 1% government bonds
otter@lemmy.dbzer0.com 11 months ago
JustMy2c@lemm.ee 11 months ago
Now you’re cheating, cause that would be good advise always.
jmdatcs@lemmy.tf 11 months ago
Have you not been paying attention to what the Fed had been doing? Pardon my language but shoving cash up my asshole earns more than 1% these days.
In 2022, before most of the rate hikes, the trust fund earned $66.4 billion. This year’s high, and hopefully very temporary, interest rates aside, it’ll usually be around 2.5-3%.
I’m not sure what you think loss leading means or why you’re using it here, but governments storing reserve money earmarked for a specific purpose in their own bonds isn’t unusual or a bad thing. Should they stuff it under a mattress earning 0%?
JustMy2c@lemm.ee 11 months ago
Sorry, I must admit I’m not from the us and I may have been more talking/afraid for my local governments funds… Thanks for the great explanation tho!