Op-ed by Megan McArdle, includes “… If you want to spend a hilarious and illuminating 15 minutes, try to convince a financial analyst that the Social Security trust fund exists and is important. This is what he'll tell you: "It's a consolidated entity. The treasury bonds in the trust fund are an asset of one part of the government and a liability of the other part. Net effect on the balance sheet: zero."…”
Read the full article on: The Salt Lake Tribune (Utah)