Yeah, I know. I wanted "mc6809e" to answer that question.
What I really wanted to say was: "Listen, you maroon (mc6809e), that interest is paid by future taxes." But I was trying to be polite.
"What I really wanted to say was: "Listen, you maroon (mc6809e), that interest is paid by future taxes." But I was trying to be polite."
More specifically, The PRINCIPAL AND INTEREST will have to be paid back by the 53 percent of americans that actually pay federal income tax. The bottom 47 percent which pay ZERO won't be affected.
Ain't it a great country?!
What I really wanted to say was: "Listen, you maroon (mc6809e), that interest is paid by future taxes." But I was trying to be polite.
I think most people (including me) realize that that interest comes from future taxes. But your observation changes nothing.
My observation, that raided SS money is invested in bonds, creates a path to private investment. If people understood that their retirement money was already being invested in US government debt, they might wish to take advantage of other investment options and this would potentially lead to private accounts.