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Original Message
Surplus SS funds must be invested in US Treasury securities
Posted by Jay Buridan on May 24, 2023 at 19:36:52:
US Treasury securities are deemed to be the safest investments, much safer than, e.g., loaning the surplus to Maralago Mussolini on a promissory note.
AFAIK, if the government defaults SS checks will stop being issued. And interest rates will climb to reflect the fact that US Treasury securities will have become risky investments.
It's complicated (see link below.)