Quote:
Originally Posted by REDCART
As I understand the issue. The US Gvt borrowed and repaid the funds it borrowed from the SS Trust funds. The scandal, for lack of a better name, was that the US Gvt borrowed these funds at less than the prevailing rate of interest. You think there was a slight conflict of interest? Would the difference in the interest rate have made a serious difference?
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Federal government won’t pay interest on federal money nor are there any penalties. On the other hand the tax payers one that suffer.