Is Social Security paying for the war in Iraq?

[oc2002]

I was wondering this, since SS is actualy running a surplus. Yet since the money deducted from payrolls does not go into a 'lock box' for SS, it probably is paying for this war and then some!

[bryant69]

1. Indirectly it is

The social security surplus is invested in Treasury Securities; which are used for all sorts of programs. Obviously one part of the Bush economic plan is to not have to pay back those securities.

Bryant
Check it out --> http://politicalcomment.blogspot.com

[rogerashton]

2. No, the deficit is.

The SS trust fund holds some of that deficit -- but if there were noSS trust fund, the bonds would just be sold to the Chinese (at higher interest rates).

[yella_dawg]

3. Yep. The Mastercard War. n/t

[stray cat]

4. yes and the tax cuts

It is part of our general budget from what I understand.