Trust Social Security.
By Tom Shoop | Saturday, February 26, 2005 | 03:54 PM
By Tom Shoop | Saturday, February 26, 2005 | 03:54 PM
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.
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Government Executive Editor Tom Shoop takes a look at news and events affecting the federal bureaucracy, from the perspective of a longtime observer of government.
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