"If the money is repaid at some point in the future, we could say is was just "borrowed." But no arrangements have been made to repay the money, and nobody in government is suggesting that the money should be repaid. So, if it is never repaid, the money will definitely have been stolen."
Your article might have a point except SS payouts have been higher than collections for about the last 15 years - and what happened? The government paid it back with the ---- 2% interest rates. No money has been or ever will be stolen - and yet, it is bankrupt in a decade. Theft was never the problem.
"This would not be such a serious problem if Social Security was still running annual surpluses. But Social Security ran it last annual surplus in 2009, and began running permanent annual deficits in 2010. The cost of paying full Social Security benefits for 2010 exceeded Social Security's total tax revenue by $49 billion.
So how did the government pay full Social Security benefits in 2010? They borrowed $49 billion from China, or one of our other creditors.
#125 | Posted by Alexandrite"
So the government pays for the SS shortfall by borrowing money to ensure SS is paid in full...got it. Where is the theft occurring that you are whining about?
"Which is it? If neither, show your receipts. Or just STFU already and stop wasting your time.
#46 | Posted by rstybeach11"
Were you in a coma the last month? That is the only rational explanation for your comment.