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To: cymbeline

SS comes from the Social security administration.
Much of their funds were invested in long term Treasury BONDs. Majority holder of Americas debt is us old farts.
Short term, working peoples 12.6 percent every payday goes into that administration and most is sent out to people that get social security and all the other crap congress raided for political gains. When payday funds aren’t enough they go to bonds and sell them at a loss. Bonds only pay face value when they mature. They do pay interest prior to “maturity”.


18 posted on 12/05/2023 7:24:44 AM PST by rellic
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To: rellic

“and all the other crap congress raided for political gains.”

What does that mean? Are other government agencies tapping into the SSN funds? Sounds like dirty pool that could be turned into a worthwhile scandal for those not to blame.


20 posted on 12/05/2023 8:53:27 AM PST by cymbeline
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