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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1784 |
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This becomes a great problem when people go to legally use these trusts, for the government has taken all the money from them. Therefore, the government must then borrow more money from other areas (namely the public) to pay for the money that they have already borrowed; exponentially increasing the debt and the interest service (See Borrowing Chart in Appendix)...
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This is major problem for the Social Security Trust, which has 1.59 trillion dollars worth the IOU's in it.
As stated above, in order to pay those who need money from the borrowed trusts as well as to provide cash for other expenditures, the government must look to the public for funds. This form of borrowing has many different types...
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