I have been reminded recently that the federal government does not fund the Social Security Trust Fund, but rather taxpayers fund it with our individual incomes. How is it, then, that the government treats the money as if it is theirs to use, borrow and otherwise misappropriate?
I’ve read that the government does not pay interest on the enormous sums it has “borrowed” from it over the years. Can this be true?
Would not our Social Security Trust Fund be in better shape if the government paid interest on money borrowed? And furthermore, if it paid interest in arrears for all the years our money has been put to use other than intended?