Yes, it was borrowed from
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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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The money was borrowed, but never actually returned. It started in 1965 to help pay for the Vietnamese war. It’s kind of like your kids borrowing money, in most cases don’t expect it back. Currently the US government owes almost 3 trillion to the fund.
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.. though we cannot, while we feel deeply, reason shrewdly, yet I doubt if, except when we feel deeply, we can ever comprehend fully."—Ruskin
Borta bra men hemma bäst
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