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Wouldn't make a difference as some POTUS will add more IOU's into the account. Do you really think the money that is supposed to be in the account is really there? The reality is when the account was flush, the POTUS (all of them no matter the party) placed IOU's and borrowed the money and thus it's a bucket filled with IOU's. There's nothing really there.
Wouldn't make a difference as some POTUS will add more IOU's into the account. Do you really think the money that is supposed to be in the account is really there? The reality is when the account was flush, the POTUS (all of them no matter the party) placed IOU's and borrowed the money and thus it's a bucket filled with IOU's. There's nothing really there.
The money in there is invested in Treasury securities as required by statute. There are no IOUs.
Myth 4: President Roosevelt promised that the money the participants paid would be put into the independent "Trust Fund," rather than into the General operating fund, and therefore, would only be used to fund the Social Security Retirement program, and no other Government program
The idea here is basically correct. However, this statement is usually joined to a second statement to the effect that this principle was violated by subsequent Administrations. However, there has never been any change in the way the Social Security program is financed or the way that Social Security payroll taxes are used by the federal government.
The Social Security Trust Fund was created in 1939 as part of the Amendments enacted in that year. From its inception, the Trust Fund has always worked the same way. The Social Security Trust Fund has never been "put into the general fund of the government."
Location: When you take flak it means you are on target
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I just wrote a $4,000 check today for property taxes.
Hey how about this? Stop all foreign aide, close most of the unnecessary alphabet agencies. Do we need 19 aircraft carrier battle groups when the ruskies and china have ONE each? Bring most troops home. Use the miney for universal health care, soc security and a guaranteed min income for all.
I just wrote a $4,000 check today for property taxes.
Hey how about this? Stop all foreign aide, close most of the unnecessary alphabet agencies. Do we need 19 aircraft carrier battle groups when the ruskies and china have ONE each? Bring most troops home. Use the miney for universal health care, soc security and a guaranteed min income for all.
Or, OMG - give the money back to us.
Personal Property taxes go to your county and not to the country. Attend more county meetings to see how that money is spent.
Myth 4: President Roosevelt promised that the money the participants paid would be put into the independent "Trust Fund," rather than into the General operating fund, and therefore, would only be used to fund the Social Security Retirement program, and no other Government program
The idea here is basically correct. However, this statement is usually joined to a second statement to the effect that this principle was violated by subsequent Administrations. However, there has never been any change in the way the Social Security program is financed or the way that Social Security payroll taxes are used by the federal government.
The Social Security Trust Fund was created in 1939 as part of the Amendments enacted in that year. From its inception, the Trust Fund has always worked the same way. The Social Security Trust Fund has never been "put into the general fund of the government."
Excellent post. I am amazed at how many people regurgitate myths that are so easily debunked with a quick Google search.
I see the cutting of foreign aid as the only recourse available to the United States of America in it's efforts
to save and savage it's Social Security Retirement Program and Benefits.
Imagine the surplus if the government didn't lose the money diverted from FA to SS fraud. Even with no FA added the money lost to waste and fraud would be substanial.
A pipe dream to think government bureaucrats can be part of the solution to money or health distribution.
I see the cutting of foreign aid as the only recourse available to the United States of America in it's efforts
to save and savage it's Social Security Retirement Program and Benefits.
It's a very good start. Foreign aid takes money from our poor and gives it to the rich of other countries. We don't even know where our own money goes in this country and we think it'll go towards the right things in other countries?
But in the end it's just a stop gap measure. Entitlements have to change or there will be nothing left for future generations.
Bringing the troops home to defend our borders would save us a ton of money and help the economy. Basically the same thing you're saying, stay out of other countries affairs.
How about the U.S. stop wasting trillions on the Empire Military and trying to police the earth, which actually WOULD free up enough money to take care of Social Security and other critical shortfalls?
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