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The excess revenues from social security are 'invested' in special government bonds that earn a fixed rate of return. We hit peak social security excess in 200
by wombatpm 9y ago
The excess revenues from social security are 'invested' in special government bonds that earn a fixed rate of return. We hit peak social security excess in 2008. To the powers that be a decrease in excess amounts to a loss in revenue. Wait until the social security administration cashes in those bonds, those redemptions go straight to the national debt.