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The government has not consistently paid all interest on money borrowed from the Social Security Trust Fund (SSI). While the trust fund earns interest on its reserves, the actual payments to beneficiaries are funded through current payroll taxes and general revenue. In times of budget deficits, the government may borrow from the trust fund but does not always ensure full repayment of interest, leading to concerns about the long-term sustainability of Social Security benefits.

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2d ago

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What is the term used for all of the money borrowed by the government and the interest on the money that is borrowed?

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Money that is borrowed is not taxable. If you borrow it and don't pay it back, it can be classified as income and be subject to income tax. If you borrow money and are not being charged interest, the government will consider the cost of interest to be income that is taxed.


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It repays the borrowed amount plus an agreed upon rate of interest.


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Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.


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That is called "interest"


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