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View Diary: Will the Democratic Party fight for the Democratic legacy? (314 comments)

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  •  That is the problem (0+ / 0-)

    Instead of putting the money aside in a separate fund electied politicians have appropriated it over the years for other purposes. Morally speaking, you are absolutely correct, the money is owed (and ironically that's the source of W's comment a few years ago that it's all IOUs).

    The problem is today's elected Washington pols have to find sources of cash to backfill the misappropriation of those funds in the past. The worst of the bunch resent that and would rather the problem just go away.

    •  Every single (0+ / 0-)

      penny is accounted for. That is why the SS Trust Fund has a 2+ trillion balance,and is 100% solvent thru 2033.

      Lets not start to invent myths to fit our narrative.
      The only way that SS earns any income is to invest in govt. bonds.  Investing in govt bonds is not like giving the money to the general fund....it helps the SS Fund build thru investment revenue.

      If you look at the USGov Treasury site,all the facts are there.
      US Debt to outside debtors is around 13.5 trillion.
      US intra-governmental debt is around 2.6 trillion...this is SS.
      Total debt 16.4 trillion.

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