[ThePatriotsFlag]

They didn’t just buy bonds...some went to highway projects and social welfare programs. The money did not stay in the fund, if it did, it would be there. THEY STOLE IT.

[mlo]

The Social Security Administration doesn't build highways, the government does. The way money gets to the government for these other purposes is that it's used to buy government bonds. That's how the government gets the cash. Again, what do you think is supposed to happen with that cash? Throw it in a hole and bury it until it is needed? Answer that question.

The money has not been stolen from the fund. The fund was used to pay out current benefits and the surplus invested in bonds. The bonds are in the fund. They get redeemed for cash when they are needed to pay benefits.

[Kozak]

“They didn’t just buy bonds...some went to highway projects and social welfare programs. The money did not stay in the fund, if it did, it would be there. THEY STOLE IT.”

The ‘fund”. Was ALWAYS a joke.
SS generates a surplus. Feds take surplus and buy special bonds with money. Money goes into general fund. Money gets spent, bonds go in a file cabinet.

SS starts to run a deficit. Feds redeem bonds with general fund money. Feds run bigger deficit. Feds sell bonds. Money goes into general fund to pay bills. Current biggest buyer of Treasury bonds is tada, the Federal Reserve.

The ENTIRE “fund” has always been the equivalent of writing your self an IOU.