23 Mar 2025 1:45 pm
The SS Trust fund only makes about $70 million in interest on those securities, ( 2.3% average) ,where do you think the other $1.5 trillion comes from?Cannonpointer » 32 minutes ago » wrote: ↑ You are the one displaying ignorance of the matter.
The SSA sells bonds to cover expenses. Those bonds are the property of the people who bought them and entrusted them to SSA.
If the SSA uses current payments to cover expenses, it does so because money is FINGIBLE - not because money is unavailable. The SSA holds bonds to cover its payouts.
Sure, your payroll taxes are deposited into those government bonds and then the majority of those funds are paid out the next month to someone actually receiving SS.
Bottom line, it's not the same dollar.