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https://shitposter.club/attachment/2599700
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>the us government hasn’t been “borrowing” from social security for over 30 years https://shitposter.club/attachment/2599778
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@delores Unfortunately untrue. Every year since the beginning, USGovt has borrowed all incoming Social Security and Medicare funds and replaced them with special bonds. This is used to expand the national debt without it showing in most reports to the public.
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The SocSec fund has no "money" in it, but each month the Treasury redeems enough bonds to meet that month's outgoing payments.
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There are plenty of reasons to oppose tax cuts without resorting to easily-disproved falsehoods. Among those reasons is increased bond redemptions that may soon exceed the amounts collected as FICA taxes, and the "balanced budgets" that one party keeps claiming they seek, and the need to support people who work for a living instead of depending on inheritances and trust funds. !econusa
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@rw False. It was still borrowing when I checked less than a decade ago.
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@rw @delores outright stealing then?
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@lnxw48a1 the > meant implying and was used tongue in cheek