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Reply #6: Social Security OWNS our debt [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
hughee99 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-10-10 09:45 PM
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6. Social Security OWNS our debt
The social security trust fund invests in government bonds, it only "increases government debt" in that the government borrowed money from it, and that money has to be paid back. I haven't heard any of the repukes suggest that the government should not pay off it's bonds, so how is the SS debt any different than some financial institution that buys government bonds?

Now I remember how it's different, SS money belongs to regular people and is used to help them with living expenses in their retirement years, rather than belonging to some Wall St. bank and used to pay huge bonuses to a small number of very wealthy people who spend their days trying to screw the same "regular people" out of their money.
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