[[How are you being charged interest by the SS Administration?]]
The money to pay off the loan interest has to come from somewhere- countries aren’t loaning us the money free of interest that I know of? I had a national review online link describing the investing that was supposed to happen and why it was a good idea- but can’t find it now- I’ll see if I can find it again- It’s more than I can comment on-
[[Apparently SS has been doing the same since it started.]]
That isn’t how it was supposed to be designed- it was supposed to go into investments, not into bonds which make it immediately available for the government to ‘borrow’ from
“The money to pay off the loan interest has to come from somewhere- countries aren’t loaning us the money free of interest that I know of”
Well in this case the loan interest is being paid to the SS Administration because they have been loaning excess funds out. They aren’t doing any borrowing that I am aware of.