Democrats and Republicans both have plans, here is how it looks right now
How do we pay for all the coronavirus relief spending?
As long as investors trust in the “full faith and credit of the U.S. government,” the Treasury can borrow as much money as it needs to cover each year’s deficit. The Treasury raises most of the money by selling Treasury bills (less than a year in length), Treasury notes (from two to 10 years) and Treasury bonds (30 years).
In 2019, more than a quarter of those Treasury notes were held by the federal government itself, such as the Social Security program. The rest were held by the public, such as state pension funds, foreign investors and the Federal Reserve.
It is Coming out of Social Security and others