Whatever surplus money is credited by Treasury to the SS trust fund
in bonds, actually goes into the general fund. It is gone. A 100%
total loss to the saver, the buyer of retirement insurance. Then s/he must
pay billions of annual interest on their own money which is not even there.
And their progeny must eventually pay it all again. The SS trust fund
has always been a "cash cow" for Congress. To say that taxpayers
money is being saved for them in the "trust fund" is -- what is the word? --
unconscionable? Would stocks and bonds be more risky than the present 100% loss?
If so, then put the money into bank savings accounts. The first order
of reform is know that the trust fund is what the people owe government.
There is no reason for that debt to grow to $3 trillion. The only problem SS has is that in 65 years, not a dime has ever been invested for the benefit of the taxpayer.
