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Reply #45: Sure. But we owe it to ourselves. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

SergeyDovlatov

(1000+ posts) Send PM | Profile | Ignore

Thu Jun-26-08 07:42 PM
Response to Reply #33

45. Sure. But we owe it to ourselves.

Yes. Funds in SS trust fund are loaned to the treasury, which then spent on war and other "wise investments".
When it is time to get something out the fund, it means that SS receipts do not cover outlays and thus we need to take it out of general revenue, so it will compete for funding with the rest of the budget.

Savings account analogy does not work here, because you loan the money to yourself and then spend it.

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