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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (69909)	5/4/2018 4:38:16 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 363074

"At every point of SS's history every dollar of benefit's it paid was paid for by tax revenue or by current tax revenue or external non-governmental borrowing." Every dollar was either paid for by the SS tax or by the interest that that tax money earned when loaned to the US treasury. = "Its an American fund sure, but its existence doesn't change the level of borrowing for the government as a whole, and it doesn't over time change how much of that borrowing is from Americans" It won't change the amount of borrowing, but if you think you can find American non-governmental lenders to replace the SSTF, good luck with that. 5 facts about the national debt \| Pew Research Center Aug 17, 2017 - Read a primer on the U.S. national debt, the debt limit and interest payments on the nation's credit line. ... The single biggest creditors, in fact, are Social Security's two trust funds, which together held more than $2.9 trillion in special non-traded Treasury securities, or 14.7% of the total debt.