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Reply to "Raise social security age to 70, I agree"

quote:
Social Security invested their cash in the securest investment of all, US Treasury Notes. The problem is that US Govt is now a debtor to the Social Security Administration. The questions for the next several years will be "How do we pay that debt?"


Which is why SSI is a tax, not insurance. If the money owed can only be raised through taxation, there is no other classification for something than "tax." Furthermore, the fact that treasury is now in debt to SSI is not a "problem." I guess it technically is, but it's no more of a problem than using one credit card to pay off another. Either way, the debt still exists, but is now owed to another party. In both cases, the debtor is fully responsible for their own over-spending.

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