The Mudcat Café TM
Thread #131082 Message #3007825
Posted By: artbrooks
15-Oct-10 - 11:36 AM
Thread Name: BS: Who Owns your Social Security?
Subject: RE: BS: Who Owns your Social Security?
Other than the fact that that Social Security funds are invested in US Government securities, as they have always been, does anyone have any evidence that the Feds are "borrowing" from the SS trust fund? Is somebody cashing in these bonds and spending the money? Interest on these investments earned $107.9 billion in 2009, by the way. I suppose that a reasonable alternative would be to print actual greenbacks to represent all of the SS contributions and put them into a big box under the bed of the Managing Trustee of the funds. That is the Secretary of the Treasury, by the way. Has anyone actually read the SS Annual Report?