The Mudcat Café TM
Thread #131082 Message #3007833
Posted By: pdq
15-Oct-10 - 11:54 AM
Thread Name: BS: Who Owns your Social Security?
Subject: RE: BS: Who Owns your Social Security?
The SS money is not invested, it is spent. Once spent, it certainly cannot earn interest.
What is in the SS fun amounts to trillion of dollars in IOUs that draw interest. Trouble is, that interest is paid by the government which mean it is really paid by the taxpayers. That interest too is payed with borrowed money and adds to the National Debt.