From Dean Baker to Brad Delong to Flavius to you:
Social Security Is NOT Selling Government Bonds: In an article discussing the implications of the extension of the payroll tax cut, [Jia Lynn Yang of] the Washington Post told readers:
This year, the Social Security system projects that it will pay out $46 billion more in benefits than it will collect in cash. It made up for the shortfall by redeeming Treasury bonds bought in years when there were cash surpluses. [Read more]



