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To: reaganator

Meet the Social Security “trust fund”:

https://moneymorning.com/2017/03/31/the-social-security-trust-fund-is-just-a-stack-of-ious-in-a-west-virginia-filing-cabinet/


7 posted on 01/29/2024 6:39:04 AM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: cgbg

In order to begin to redeem the trillions of dollars in the Social Security “Trust Fund” money would have to be collected from taxpayers.


11 posted on 01/29/2024 6:42:49 AM PST by reaganator
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To: cgbg

Promises from the past....

https://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 where your “contributions” went. Read and weep.

https://www.ssa.gov/OACT/ProgData/fundFAQ.html#n4


48 posted on 01/29/2024 8:12:46 AM PST by Ruy Dias de Bivar
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