No all you did was pay those already on SS, they is no account with your name on it with money put back for you. That money has already been spent.
no account with your name on it with money put back for you. That money has already been spent.
Actually, what there are, are treasury bonds purchased by the Social Security Trust Fund. They are backed by the same full faith and credit of the government, as the T bonds in your IRA. Unless you think, or believe the government shouldn’t pay you on those bonds in your retirement accounrt, there’s no logic in saying that Social Security’s bonds are worthless.
They always bitch about how money is running out for Social Security. They never bitch about welfare money running out.
Not an account but a record. Your SS ststement has every dime you put in.
It doesn’t matter how they used the money...It was OUR money they took and it’s OUR money we are getting back...I don’t care if the serial numbers are different...