52. the trust fund is comprised of US treasure notes.
Long considered the safest investment on the face of the planet. Should we decide NOT to pay them back to SS in full what message is that telling our other creditors? can you imagine the depths the dollar would sink to if that happened? The fact is the middle class and the poor have been overpaying their share of SS since '83, yes it has been used up, mostly to give tax cuts to the wealthiest. That doesn't mean making the trustfund the fiction you say it is doesn't have more sever consequences then acting as if we are just repaying other US debts.
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