Nov 11, 2022
If you think that politicians will allow seniors to become destitute because of some numbers on a spreadsheet you are ill-suited to give financial advice. Those all-important Treasury bonds don't even contain any real money, as they must be recapitalized upon maturity. Their purpose is to draw down excess reserves in the banking system, not to "fund" anything. The US government is the monopoly "issuer" of its unit of measure, so any talk about it, or any extension of it, becoming insolvent is hogwash.
I'd suggest that you listen to this clip of Paul Ryan trying to corner Alan Greenspan under oath on his favorite disaster in waiting, personal retirement accounts. He didn't exactly get the response he hoped for.
