The money borrowed is not physically taken from the fund. Excess funds (the trust fund)are used to buy Treasury Bonds. As funds are needed the bonds are sold. Interest is collected on the bonds. The problem is people are collecting more than the annual tax collected. Wage cap needs to be raised.
"Surplus" is a bit misleading. Social security is currently paying out more in benefits than it's taking in. $2.5T is the amount that's in the trust, which is being used to cover the difference (~13% of benefits). It's projected to be depleted in 2035 if nothing changes.
I agree from a moral standpoint. But, SS is separate from the general fund. If Congress borrows money from SS to fund a war, they pay that money back with interest. That's not the reason the fund is going to deplete. The program just isn't taking in enough money to cover benefit payments.
How can you get elected to congress and not understand how Social Security and Medicare work? It’s not just MAGA is low intelligence and uneducated it’s our representatives also!
they know how it works, it’s seniors and MAGA voters who don’t understand how it works.
and btw “privatizing” is a fancy word for we gave it to one of our rich donors to manage and he lost it all… on a private island.
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and btw “privatizing” is a fancy word for we gave it to one of our rich donors to manage and he lost it all… on a private island.
Thank you ❣️