Balderdash, all the above is nonsense.
Nobody stole or misused the funds. When there was excess revenue it was “invested” in special, interest paying treasury bonds, an accounting transaction, a digital transaction…
very much like buying a US Savings Bond
Most savings bonds today (like Series EE or Series I bonds) are electronic. Your money moves from your bank account into a secure account on the U.S. Treasury’s TreasuryDirect website. You won’t get a paper certificate under your mattress anymore; instead, your money sits safely as a digital entry backed by the “full faith and credit” of the United States government, meaning it is virtually guaranteed not to lose its principal value. When you cash in your Savings Bond the interest is added to its value.
And just like with the Social Security bonds, the Treasury uses your invested money for government operations. However, interest is regularly paid to the Social Security trust. About $60-$70 billion a year. It used to be near $100 billion, but interest rates change and bonds have been redeemed since 2021
And where does the treasury get the money to pay interest, to redeem savings bonds and social security bonds?
Why issuing more debt, of course‼️ Kinda like billionaires loans we like to complain about.
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