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Jacksonville Jaguars Fan Forums Other Stuff Political Talk “I do believe there will be some cuts (to Medicare & Social Security).” - DOGE caucus


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“I do believe there will be some cuts (to Medicare & Social Security).” - DOGE caucus

  • Offline homebiscuit
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#28
12-19-2024, 06:42 PM

(12-19-2024, 06:19 PM)The Real Marty Wrote:
(12-19-2024, 06:02 PM)The Drifter Wrote: Looting the Treasury..... The Rich?????? Here's the truth.......

How much money has Congress taken from the Social Security Trust Fund?
The Government Has Borrowed  $2.9 Trillion From The Social Security Trust Fund. The government has borrowed (more like stolen) the total value of the Trust Fund to pay for other government spending.

Can you say "Pork barrel pet projects"?????????

I think that "borrowing" from the Social Security Trust Fund is because the SS Trust Fund is required to invest all their cash in US government bonds.  The reason was because that was considered the safest investment.   So it's nothing nefarious.  It's just following the rules that were set out for the SS Trust Fund.  The US government hasn't stolen anything from the trust fund.  The trust fund is holding US government bonds.

Honest question because I don't fully understand the bureaucratic financial machinations involved. Why is it said that SS will go broke in so many years? Is it because government bonds are of decreasing value?
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RE: “I do believe there will be some cuts (to Medicare & Social Security).” - DOGE caucus - by homebiscuit - 12-19-2024, 06:42 PM



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