Quote:
Originally Posted by Adder
You saw the numbers Cletus posted yesterday, right? That money will never be "paid back," at least not in a way that most people would think of that term. Instead, future benefits (at whatever, likely reduced levels) will be paid out of current tax receipts.
Which means people who paid won't "receive that money back" and their payroll taxes will have "gone to money heaven." But they will still get a cut out of the paycheck of those who are still working.
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This is silly. Money is fungible. Essentially, borrowing from the SS trust fund then is essentially borrowing from the public now, because we will sell bonds now to pay the SS obligations.
