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Reply #3: It went into the general fund after having treasury bonds issued [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
flamin lib Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-04-05 03:39 PM
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3. It went into the general fund after having treasury bonds issued
to cover the trust fund. Once there it was spent just as any other revenue. The "lock box" has always been treasury bonds. When the surplus income diminishes, the trust fund will sell the bonds for cash to continue paying benefits.
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