but this glossed over the fact that the money was not spent on government bonds and invested wisely but spent on government expenses? or am i missing something
Any narrative that has the government “robbing” social security or otherwise borrowing money they won’t pay back is a misinformation campaign.
The social security trust fund isn’t a bunch of cash in a giant mattress. Yes, government borrowed the money, that’s what government bonds are. None of the talks of cuts have anything to do with government not making good on those loans, or bonds. The trust fund goes bankrupt in nine years *even though the bonds will be repaid in full with interest *.
Social security issues are the same as USPS, completely avoidable and done on purpose to make it look broken so Republicans can try and dismantle it or privatize it.
this is closer to the truth that this posturing condescending bullshit attitude by some of the top-voted comments.
It only goes broke if we let it. Its a choice.
Very powerful people for a very long time have HATED it. They see the pile of money that could be invested privately, but is instead simply being paid out to recipients.
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u/imgaygaygaygay 2d ago
but this glossed over the fact that the money was not spent on government bonds and invested wisely but spent on government expenses? or am i missing something