The Trust Fund Lives

Doug Henwood dhenwood at
Fri Jul 31 15:44:23 PDT 1998

Jordan Hayes wrote:

>The so-called "trust fund" is getting close to one full
>year of revenues. I trust Yahoo to get earnings right now
>more than I trust that "trust fund" will ever be able to
>be "paid back" ...

What makes you think the U.S. government couldn't raise, say, $300 billion on short notice? That's less than 4% of GDP. The U.S. government would never default unless it were collapsing or revolutionary. What do you mean the trust fund won't be paid back?


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