>The current retired population put in contributions >for the benefits they are being paid. The government>chose not to fund their benefits with that money.>Shouln't that notional account somewhat reduce their>unfunded liability?Perhaps, but if the politicians they kept electing used the social security surplus to finance other government spending, then one could argue that their income taxes were kept artificially low throughout their working years. They elected, and reelected, the politicians that made those decisions and they benefited from the spending of the social security surpluses during their working years.
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