It is my understanding what we would do with this lockbox money is to use it to pay down the public debt, which would lower the interest costs to our Federal budget every year. But at the same time it would mean that money ultimately would have to be paid back to the Social Security trust fund.
Discussing the implications of using lockbox money for public debt reduction.
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The current structure falls short in comparison to a model that provides additional accountability and reasonably insulates the organization from political interference
We still believe that identifying long-term funding for all of the reform efforts would help, especially as the money becomes tighter and congressional decisionmakers such as yourself have to prioritize.
I would like to say, again, thank you very, very much for the good work that you have done.
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