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A comment on Americans Are Putting Billions More Than Usual in Their 401(k)s. Parent comment

Re:Americans Are Putting Billions More Than Usual in Their 4... by jellicle on Thursday January 05, 2017 @03:05PM (#13330853)
Actually, the 75% number is when there is no trust fund whatsoever and all outgoing payments are funded directly by incoming payments.

> But when we start redeeming the IOUs

You are aware, I'm sure, that said IOUs have been redeemed every year of SS's existence.

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Re:Americans Are Putting Billions More Than Usual in Their 4... by jeremyt on Friday January 06, 2017 @12:00PM (#13337912)
Until they aren't. Bear Stearns paid its bills every year until it suddently didn't.
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