It was set up that way. Social Security “invested” the taxes we paid in Treasury bonds. What else could it be invested in - the stock market? The trust fund consists of Treasury bonds, the “safest” investment on the planet.
Of course, that also means that Social Security lent the money to the government to use on whatever it wanted. That’s what happens to all money invested in Treasury bonds. The US government uses it, with a promise to pay back later.
Yes, but the reason it is going broke, is because Politicians have been stealing the money.
It was set up that way. Social Security “invested” the taxes we paid in Treasury bonds. What else could it be invested in - the stock market? The trust fund consists of Treasury bonds, the “safest” investment on the planet.
Of course, that also means that Social Security lent the money to the government to use on whatever it wanted. That’s what happens to all money invested in Treasury bonds. The US government uses it, with a promise to pay back later.