Creating a debt obligation with yourself isn't typically the definition of zero risk. ;)
Or to put it another way, buying special issue treasuries isn't functionally different than Congress directly spending excess money in the trust fund and guaranteeing to pay more back later.
Just with additional steps and a thin veneer of impartiality and financial standards.
Or to put it another way, buying special issue treasuries isn't functionally different than Congress directly spending excess money in the trust fund and guaranteeing to pay more back later.
Just with additional steps and a thin veneer of impartiality and financial standards.