Quote:
Originally Posted by wdfifteen
You seem to believe there is something nefarious about the SSA investing its surplus in the US Treasury. What would you do with the SSAs surplus receipts? It seems unethical for the US Government to be investing in the stock market. The US treasury is the investment of choice for hundreds of countries around the world. They think the USA is a pretty safe investment.
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It
is nefarious. It's bad enough we haven't had a real budget (as required by the Const.) in over 20 yrs. "Borrowing" from the SS trust fund just hides the real deficit spending and lets politicians get away with admitting a lower deficit than is really the case. If they're gonna cap SS benefits, there should also be a cap on SS contributions. And if they're eventually going to means test responsible people out of the program, then they should make those folks whole with the trust fund surplus first. Any gov't program that runs a surplus should be returning that surplus to the taxpayers. I know that sounds crazy and will never happen.