Tag: trust fund assets
The brief’s key findings are: Investing part of Social Security’s reserves in equities has obvious appeal: a higher return means less tax hikes or benefit cuts. But critics fear that equity investment could interfere with private markets or signal that trading bonds for stocks creates magic money. The evidence from the U.S. and Canada shows that suc…
But my bet is that, even in the worst case, Congress would find a workaround! The recent congressional action to raise the debt ceiling is a welcome reprieve, but the issue is expected to reemerge in early December. During the recent debate, Treasury Secretary Janet Yellen highlighted some of the potential consequences of a failur…