If you believe that the trust fund is an accounting fiction (the government borrowing from itself, paying itself interest, and writing checks that are government commitments irrespective of the fund), then the transaction is a total wash.
The trust fund is accounting fiction.
mnli hypothesis: The trust fund is accounting fiction. premise: If you believe that the trust fund is an accounting fiction (the government borrowing from itself, paying itself interest, and writing checks that are government commitments irrespective of the fund), then the transaction is a total wash.