Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Kaslin

Nonsense. We were promised in 1964 that the SS was in good shape and would always be in good shape.

http://www.socialsecurity.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


11 posted on 05/09/2014 1:32:00 PM PDT by Ruy Dias de Bivar (Sometimes you need 7+ more ammo. LOTS MORE.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: All


Help FR Continue the Conservative Fight!
Your Monthly and Quarterly Donations
Help Keep FR In the Battle!

Sponsoring FReepers are contributing
$10 Each time a New Monthly Donor signs up!
Get more bang for your FR buck!
Click Here To Sign Up Now!


12 posted on 05/09/2014 1:35:02 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
[ Post Reply | Private Reply | To 11 | View Replies ]

To: Ruy Dias de Bivar

“...interest on the investments of the social security trust funds...”
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA, all that “interest” on the “investments” must be in the same lockbox with the hen’s teeth and the frog’s hair.


18 posted on 05/10/2014 5:36:17 AM PDT by RipSawyer
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson