A Boring Dystopia

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Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

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Keep in mind that social security is set to run out in 10 years time. (lemmy.world)

submitted 10 months ago by STRIKINGdebate2 to c/aboringdystopia

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[–] dx1 2 points 10 months ago* (last edited 10 months ago)

In effect, the bonds I mentioned are just inverted loans. The Treasury takes in $1k from payroll taxes for these programs, issues a bond to the trust fund saying "I owe you $1k plus interest", spends the $1k on whatever (I guess primarily the discretionary budget) and eventually has to somehow generate money to pay it back with interest.

In terms of whether or not bonds were "borrowed" - this wouldn't exactly matter in a meaningful sense, but I'm not clear this ever actually happened in the first place. There was some claim about, when the trust fund was mixed with the general fund 1968-1990, maybe the government took bonds out of the program, but you have to remember that inside the government, that's not something of value, that's just an obligation the government has to pay to itself, it's a big nothing burger. The outstanding liabilities from Social Security to the actual beneficiaries (elderly people) exist regardless of how the government is doing their accounting internally.