Ho Hum

      Some former Social Security public trustees are out with a piece in The Hill arguing that it’s important that the Social Security public trustee positions, which are all vacant, be filled. 

     The problem with their argument is that the trustee positions hardly even qualify as ceremonial. None of the trustees have any power whatsoever. The trust funds are invested in U.S. bonds. The trustees have no discretion in this. Public trustees have put out statements in the past arguing for their favorite way to “save” Social Security and nobody cared. They certainly have no power to bring about any change.

     I wonder how much the public trustees are paid when those positions are filled.