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Old 05-16-2019, 02:31 PM
l0k1 is offline
Join Date: Jan 2008
Posts: 235
Originally Posted by Ravenman View Post
This proposal you made right here would increase the Federal debt by just under a trillion dollars each and every year. Seriously, who are you trying to fool by saying that stopping collection of FICA wouldn't raise the debt?
No, it would transfer $1T in debt from the SSTF to other creditors. The $3T in the Trust Fund is debt. It is part of the national debt. If we used $1T to pay benefits, and raised $1T in new debt to pay for it. Then the total debt would be $2T in the trust fund, plus $1T in new bonds. So, how did the debt increase?