>>>>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......The only problem SS has is that in 65 years, not a dime has ever been invested for the benefit of the taxpayer.
Not at all. The buyer of retirement insurance gets the safest investment in the world. The general fund income taxpayer is responsible for the borrowing by the general fund. If the general fund had instead borrowed on the open capital markets, they would have the same obligation for making interest payments and eventual redemption of the bond. If the retirement money found an identical return for identical risk on the private market, it would be in the same situation.
The excess FICA receipts have been invested to the benefit of the FICA taxpayer. The income taxpayer has no investment, because you don't invest 'borrowing'. Their 'benefit' came from gov't spending financed by borrowing instead of increasing income taxes.
