The president also claims that his cuts have “extended the life of the Medicare trust fund by eight years.”
Like I said before, the bonds and the trust fund are not bringing anything to the party.
As an accounting measure, having more bonds means the trust fund will last longer.
The actuaries calculated that hitting that 90 percent should keep the trust fund in pretty good shape.
By law, Social Security will stop paying benefits in excess of its intake as soon as the "trust fund" is exhausted.
I'd like to make a trust fund of it, and let her have the income from now on, and turn over the principal when she's thirty, say.
It was a trust fund for the happiness of others, and for their benefit.
Their money was kept separate from the business, in a trust fund, and lent to such as wished to build homes for themselves.
A trust fund had to be settled up, and he was administrator.
You see, Judge, we are aimin' to make a kind of a trust fund out of it, with you as the trustee.