WHY AREN'T DEMS RAISING HELL: New SS Money got average of 1.8% interest for 2016!

[eniwetok]

6. SS surplus MUST be borrowed by the Govt

SS monies are NOT sitting in a big safe somewhere. That surplus is almost immediately borrowed by the government to meet general spending needs. The purpose of having a interest floor would be to protect the fund from rates lower than inflation therefore protect it's vital purposes. If rates were higher all these years it might have extended the life of the trust fund for 2-3 years beyond the current 2035. Having recently turned 65... those 18 years don't seem that far away. Last we are involuntarily TAXED to serve the purposes of the SS programs. Damn it I don't want Congress to treat this as a piggy bank. Maybe it needs to be more painful for them to borrow this money.

I don't know how old you are but back during election 2000 SS WAS A BIG ISSUE. Why? Because the growing debt posed a problem for paying back all that money into the fund once retirees started to draw on the fund more than they were putting in. That time is NOW... where withdrawals are about 7% more than new SS contributions. Soon withdrawals will exceed interest as well... and Congress will have to start paying back those IOUs.

Somehow this issue has disappeared... even as the clock is ticking.