I would like to know if it is likely that the United States government may have to reduce Social Security payments for the remainder of this year to help fund economic stimulus packages to help bail out small businesses and big companies like Boeing.
I think you'll find that of those who still earn a salary, most are:
- Not daring enough to invest the salary into the stock market that has just recently crashed.
- Not finding anything to purchase with the salary except basic needs like food.
If stocks = NO, and consumption = NO, the only place to put the money is into bonds. And the safest of them -- government bonds.
For the government, in these difficult times, there is absolutely no shortage of people willing to lend their money to the government.
I don't know the particular details about funding of the US social security. However, I genuinely believe that given the massive amount of people willing to lend their money to the government, there is and will be no shortage of money.
Of course, it is a political decision whether to fund the social security.
The reason governments are doing the massive stimulus packages is that there is plenty of money they can borrow.