Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (403543)	1/12/2011 10:31:43 AM
From: TimF	Read Replies (1) \| Respond to of 794049

Yes they spent it. The Social Security Administration passes the money on to the treasury (in return for non-marketable treasury securities, that are the feds lending money to themselves, so they aren't a real asset, to "pay them back" the feds have to use income taxes to pay for Social Security payments), then the government spends the money on aircraft carriers, farm price supports, new federal buildings, government salaries..., everything the government spends money on.