Understanding the Social Security scam

[natedogg]

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Nothing is "given" to the general fund. Treasuries are SOLD to SSA. The proceeds from the sale pay the deficit like any other borrowing pays the deficit.

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For anyone who is being misled by this, ask yourself: If you buy a bond from yourself, have you done anything?

The next time you want to spend a big chunk of money, write the amount down on a piece of paper first and call it a "bond". Then start making payments to yourself later to pay off the bond, and tell yourself you are doing anything more than playing around with some numbers that are irrelevent to your actual financial position.

That's the social security trust fund.

natedogg