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I don't understand the problem with Social Security. The Federal Reserve has already willed hundreds of billions into existence for COVID relief and wars in the
by orangepurple 3y ago
I don't understand the problem with Social Security. The Federal Reserve has already willed hundreds of billions into existence for COVID relief and wars in the last few years. What's another few hundred billion more for Social Security in a few years?
- kyrra 3y agoYou're off a little. From Dec 2022 https://www.wsj.com/articles/how-much-washington-really-owes-100-trillion-debt-social-insurance-expenditure-medicare-medicaid-treasury-11671571955 https://www.wsj.com/articles/how-much-washington-really-owes... "That brings us to the alarming milestone. Add the net position of $29.9 trillion to the social insurance net expenditures of $71 trillion, and you find that they topped $100 trillion—the first time they have ever done so." Our unfunded social security tab is crazy.
- BurningFrog 3y agoIt's vastly more money than that.