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To: SeekAndFind

There is no “trust fund”.

There never has been a “trust fund”.

There never will be a “trust fund”.


2 posted on 02/11/2013 5:36:55 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Lurker

Well, actually there was. Don’t know if it was called that but the SS taxes collected were not touched and earning interest until Windy Lyndy Johnson and the band of usual Democrats decided to use them to fund the Great Society and pay SS benefits out of the general fund.


8 posted on 02/11/2013 5:44:57 PM PST by MisterArtery
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To: Lurker

Here is the promise from 1964!

http://www.ssa.gov/history/ssa/usa1964-2.html

Self-Supporting

“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.

Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”

And HERE is where your money went! Read and weep.

http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4


15 posted on 02/11/2013 6:04:11 PM PST by Ruy Dias de Bivar ( Too old to cut the mustard any more.)
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To: Lurker
There is no “trust fund”.

Lock box with no lock.

19 posted on 02/11/2013 6:50:54 PM PST by VRW Conspirator (Sometimes it takes calamity to lead to serenity - FReeper RacerX1128)
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