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[sabrina 1]

39. Last I checked the SS fund had a surplus of over 2 trillion dollars. Thanks Boomers! The Fed Govt

borrowed from it, for their wars etc.

In return, the Government issues Treasury Bonds as they do to all their creditors, China et al. Iow, we the people are Creditors of the Fed. Govt. The money is NOT gone, the loan is backed by the 'Full Faith and Credit of the US Government' in the form of Treasury Bonds. The SS fund receives INTEREST on those bonds each year, which is another form of income, one of three, the SS Fund receives each year.

The US Govt has never defaulted on its Treasury Bonds and if it ever does, iow, this is what Right Wingers want them to do with ONE Creditor, the American People, that would destroy US Credit all over the world and other Creditors, China, eg, would probably begin cashing in the THEIR Treasury Bonds.

The SS fund is fine, it doesn't need 'fixing', it has continued to produce a surplus each year even during the recession, because it doesn't just depend on SS Taxes which people out of work cannot pay.

If we did nothing to extend the fund for the next 25 years or more, MORE if the economy improves, SS could pay out all of its obligations, 100%. And that is the most negative prediction.

When Right Wingers say there is 'nothing in the fund' they are deliberately lying.

They KNOW about the Treasury Bonds, but want to scare people into privatizing that huge fund so they can gamble with it on Wall St.

Democrats have always been the defenders of SS, trying to keep the greedy hands of Wall St off that huge fund. Sadly we are beginning to see some on the 'Left' begin to promote the false impression that SS is in 'trouble'.

All that is needed to extend this program 100% is to lift the income cap and focus on EMPLOYMENT, not Wars, and stop rewarding Big Corps in the form of subsidies and tax breaks, for sending our jobs overseas.

SS is fine, thanks to the baby boomers in large part.