My point is this, in the many, many times I have heard people talking about “protecting Social Security” I have NEVER heard anyone mention that Congress should be forced to stop spending the Social Security surplus contributions. If you have heard someone mention this, please tell me who this was.
“My point is this, in the many, many times I have heard people talking about “protecting Social Security” I have NEVER heard anyone mention that Congress should be forced to stop spending the Social Security surplus contributions. If you have heard someone mention this, please tell me who this was.”
I’m with you. I don’t know any current politician that has admitted that “excess” social security contributions should be “fully invested” outside of the government and not “leant” to the Treasury to be used for other federal expenses.
IOUs to the Social Security “trust fund” are nothing less than the American peopple having to pay twice for something - once when we pay contributions into social security and what we will have to pay a second time in general taxes when Social Security has to redeem the IOUs it’s holding from the Treasury dept.