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View Diary: The GOP 'Borrowed' your SocialSecurity Money for their Wars (21 comments)

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  •  Huh?? (0+ / 0-)
    The Republican report says: "Treasury should have $6.5 trillion in surplus FICA taxes but has only $2.6 trillion."
    The treasury doesn't have either amount of money - it's ALL been spent and long out of the door (what is envisioned here - warehouses full of $100 bills like they sent out in cargo transport planes to Iraq or a Goldfinger era Fort Knox full of gold bullion?).  

    What they do have is accounting constructs that this money is OWED to the trust fund (which is part of the US Government) by another arm of the US Government.   IOW, nothing tangible at all.

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