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View Diary: Durbin takes Social Security off the table (216 comments)

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  •  The Interest Earned From the Treasuries... (2+ / 0-)
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    pistolSO, mightymouse

    bought by SS is actually covering the cost. I think they factored this scenario in when they changed SS back in 83. However, one could get technical and say the excess is paid out of general revenues because that is how the government pays all bond holders. But SS would have had to invest the receipts in something  that would have paid interest anyway and US Treasury bonds are the safest investment in the world, so I think this argument used by the Republicans doesn't hold water. It is just an excuse to lower benefits.

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