So is it fair to say that, economically, there are no real assets backing up the certificates in the trust fund and the existence of the trust fund does not have any impact whatsoever on the overall ability of the Federal Government to honor its commitments?
Toomey questions the real value of the trust fund in government commitments.
Share
More from Pat Toomey
Hiking corporate taxes will slow economic growth and especially harm America's manufacturing sector.
As I've stated before, we should not pay for an infrastructure package by borrowing billions more dollars.
There was unauthorized lending of customer assets to an affiliated entity, and there were apparently fraudulent promises to investors and customers about FTX's operations.
Congress can and should offer a sensible approach for the domestic regulation of these activities.
Other voices in this conversation
