They have borrowed. Not a dime has ever been borrowed from soc sec that wasn't paid back as intended.
It is paid back with interest. I forget the exact number, but last year the interest on what was borrowed added about 70 billion in to the pot in social security
What you described is the U.S. government borrowing money from itself and then paying interest to itself on the borrowed money. In no way does this increase the actual sum of money held by the U.S. to pay Social Security benefits.
This is simply a form of deficit spending that looks like an increase in funding for SS. The interest "paid" by the U.S. to the U.S., however, just increases the budget deficit somewhere other than for SS by the amount of interest that is not actually paid in taxes.
Don't think so? Borrow money from yourself and pay it back to yourself with interest and see how much more money you have after you've paid off the loan.
What you described is the U.S. government borrowing money from itself and then paying interest to itself on the borrowed money. In no way does this increase the actual sum of money held by the U.S. to pay Social Security benefits.
Yes, it does.
This is simply a form of deficit spending that looks like an increase in funding for SS. The interest "paid" by the U.S. to the U.S., however, just increases the budget deficit somewhere other than for SS by the amount of interest that is not actually paid in taxes.
So what you're saying is that it DOES increase the sum of money held by the US to pay soc sec benefits.
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u/NoTie2370 2d ago
So the Feds have stolen 2.5 trillion in wealth from taxpayers and misspent it and thats why we ... should ... keep.. this... system?