Does the U.S. Government use the Social Security Trust Funds surpluses for purposes other than Social Security?
The Social Security Trust Funds surpluses are invested in government securities and counted as general revenue. The Federal Government, in turn, can use the revenue for any legally authorized purposes it chooses. For example, the invested surplus could be used to finance highway construction, fund the operations of The Yellowstone National Park, or pay the salaries of FBI agents. Like the Federal Government, private corporations sell corporate bonds, and use the proceeds to fund their operations.
Related Questions
- What is the current earnings rate for the Social Security trust funds from government securities? Historical rates of return?
- What year did the government begin borrowing from the Social Security trust funds for general government expenses?
- How much does the government owe the Social Security trust funds?
