Does the federal government borrow from social security?
Yes. The Federal Government currently owes the Social Security Trust Fund
$2.85 Trillion Dollars. That’s $2,850,000,000,000.
Every year, since 1983 the balance in the Social Security Trust Fund has been transferred to the Federal Treasury and replaced with
non negotiable bonds stored in a filing cabinet
at the Bureau of Public Debt in Parkersburg, West Virginia.
The interest on these bonds is “paid” by the issue of even more bonds.
The Federal Government will only have money to repay its obligations
by raising taxes or radically cutting spending to SNAP/ Medicare/ Medicaid.
This is nothing less than gross financial mismanagement violated meek others!
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