Cash money from payroll tax is sitting there collecting interest and being drawn down by Social Security disbursements.
So we pay taxes, that revenue holds a gun to Congress and forces them to buy another aircraft carrier... That's semantics for you.
Sorry. The aircraft carrier thing is bitter sarcasm on my part. But I'm put off by dismissing the funded nature of Social Security as the root cause of the Federal debt.
https://www.ssa.gov/cgi-bin/investheld.cgi
Cash money from payroll tax is sitting there collecting interest and being drawn down by Social Security disbursements.
So we pay taxes, that revenue holds a gun to Congress and forces them to buy another aircraft carrier... That's semantics for you.
Sorry. The aircraft carrier thing is bitter sarcasm on my part. But I'm put off by dismissing the funded nature of Social Security as the root cause of the Federal debt.
The root cause is deficit spending.