RustyM wrote:
The idea that the government raids the Social Security trust fund is a common misconception. The Social Security Act requires the balance in the trust fund to be invested in U.S. treasury securities as a means of earning interest on the funds, pending their use for paying benefits. It’s essentially the same as an individual purchasing a savings bond. The real problem is that payroll taxes are not adequate to pay for the benefits in the long term. Either the taxes need to be increased or the benefit payout needs to be reduced.
The idea that the government raids the Social Secu... (
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They "borrow" without paying back.