You are very knowledgeable concerning government functions, and I've stated that same conclusion in different words several times.
I have a brother who's worked as an engineer for the government his entire work career (GS scale). He thinks that his government retirement fund is different from SS, or that the funds have not been spent and replaced with promissory notes. I doubt that's the case. Have government employee retirement funds been 'managed' the same as SS?
The statement I referenced came from the Congressional Budget Office. I wish Reps would quote it when they argue with the Dems on the entitlement programs. I worked for the USG for 36 years.
I have a brother who's worked as an engineer for the government his entire work career (GS scale). He thinks that his government retirement fund is different from SS, or that the funds have not been spent and replaced with promissory notes. I doubt that's the case. Have government employee retirement funds been 'managed' the same as SS?
Yes, there are trust funds for civil service and military retirement funds. They can be poached for funds as wll. Right now, they are in fairly good shape in terms of revenue versus outgo.