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social security insolvency
- To: robert
- Subject: social security insolvency
- From: http://dummy.us.eu.org/robert (Robert)
- Date: Sun, 07 Jun 2026 08:36:22 -0700
I was confused about the concept that the politicians stole from the
social security.
https://legalclarity.org/how-much-money-has-the-government-borrowed-from-social-security/
reveals a more nuanced explanation. The excess is actually invested in
treasury bonds, and those bonds offset the national debt, allowing more
government spending at lower interest rates.
But, as this article points out, although this is a problem, the bigger
problems are simply fewer workers paying "for the next generation" and
people living longer. I.e., the financing would need to come from
elsewhere to accommodate people living longer, increase the retirement
age, or increase immigration levels by a bunch. All of these are
politically unpalatable, I think. 🫤