To: Dr. Sivana
“If the cuts are permanent, how do we fund the 1/2 of SocSec that comes from workers’ incomes?”
I believe that SS comes from the general fund. There isn’t a special account. Since I don’t qualify for SS (I lived outside the US for 30 years and didn’t put anything into it) I don’t really care but it seems that is what I was told years ago.
13 posted on
08/08/2020 9:54:35 PM PDT by
Fai Mao
(There is no justice until The PIAPS is legally executed)
To: Fai Mao
I believe that SS comes from the general fund. There isn’t a special accountYou're right. It's all general revenue. The only thing in the "fund" are giant piles of IOUs. All Social Security is, is a generational wealth transfer.
26 posted on
08/09/2020 7:07:01 AM PDT by
zeugma
(Stop deluding yourself that America is still a free country.)
To: Fai Mao
I believe that SS comes from the general fund
In real life, yes, but there is an account that tracks the balances on paper.
31 posted on
08/09/2020 7:36:18 AM PDT by
Dr. Sivana
(There is no salvation in politics)
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