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China.....
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<blockquote data-quote="hurleyjd" data-source="post: 1499297" data-attributes="member: 4674"><p>"The biggest problem with entitlements is that they were intended to be self-sustaining, but Congress started raiding the trust fund back in the 60's, 70's, and 80's (both parties) to make the budget more bearable. Now, with the baby boomer generation in their 60's and 70's the programs are top heavy."</p><p></p><p>Every dollar taken from the trust funds were replaced with an interest bearing federal note. The interest income is nearly as great as the taxes received for SS participants. Now the note is due and the folks in government do not want to pay it. Trust funds own most of the national debt and not China.</p></blockquote><p></p>
[QUOTE="hurleyjd, post: 1499297, member: 4674"] "The biggest problem with entitlements is that they were intended to be self-sustaining, but Congress started raiding the trust fund back in the 60's, 70's, and 80's (both parties) to make the budget more bearable. Now, with the baby boomer generation in their 60's and 70's the programs are top heavy." Every dollar taken from the trust funds were replaced with an interest bearing federal note. The interest income is nearly as great as the taxes received for SS participants. Now the note is due and the folks in government do not want to pay it. Trust funds own most of the national debt and not China. [/QUOTE]
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