Trust Social Security.
So there really is a Social Security trust fund? Yup, and it sits a couple of binders in a file cabinet in a Treasury Department office in West Virginia, of all places. In 1994, Congress required that Treasury create a "physical document in form of bond, note or certificate of indebtedness, rather than accounting entry," to document Social Security's obligations. So they did, and still do.
ABOUT THIS BLOG
Government Executive Staff Correspondent Alyssa Rosenberg takes a look at news affecting the management and operations of the massive federal bureaucracy.
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