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The Fiction of Social Security Bonds
Mises Daily
Author: Charles Rounds
Online Publish Date:
Category: Interventionism, Big Government, Taxes and Spending, U.S. Economy
Are those “bonds” in the fictitious social security trust fund real or not? The short answer is that they are not. This somewhat esoteric legal issue is important because the popular misconception that there is some kind of “full faith and credit” obligation on the part of future Congresses to honor these “bonds” aids and abets the disinformation
No More Euphemisms
Mises Daily
Author: Charles Rounds
Online Publish Date:
Category: Fiscal Theory, Legal System, Taxes and Spending
On the issue of Social Security reform, it’s time for both the left and right to get their acts together. They need to understand that the legal status of Social Security, and whether or not workers have legal rights to their accrued Social Security benefits, was settled by the U.S. Supreme Court years ago. It has long ceased to be a