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Old 05-16-2019, 01:43 AM
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septimus is online now
Join Date: Dec 2009
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Originally Posted by Fear Itself View Post
In theory. In reality, Congress borrowed virtually all of the Social Security trust fund to pay for everything else, with no plan to pay it back. If the Social Security trust fund had not been raided, it would not be going broke.
This confused mind-set always intrigues me. How do you think the SocSec Trust Fund should have maintained its huge surplus? Debt issued by some other country or corporation? Precious metals? One Doper actually suggested that the money should be kept as Benjamins (under a mattress?) since cash is 'real money' compared with U.S. Treasury bonds. (Betting on the stock market would be a popular choice, but we'll want a new thread to pursue that tangent.)