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To: for-q-clinton; Gaffer; Abby4116
Sorry you all don’t quite understand the history. This became a real problem when they added the SS money to the general fund in the 60s or 70s—can’t remember which. So the generation on it now is to blame for this crap.

I wasn't in the congress in the 60s or 70s so I didn't vote one way or another for moving SS money to the general fund. I didn't call you an idiot - I called you a dummy and you still are if you think Gaffer, Abby and I voted for that. Go take the money away from your parents and/or grandparents, tell them they aren't entitled to that money.

I still say YOU stop paying it in now and don't accept SS when you are 65 - that'll fix it.

20 posted on 12/03/2012 9:42:27 PM PST by Marcella (Prepping can save your life today.)
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To: Marcella
they added the SS money to the general fund in the 60s or 70s—can’t remember which. So the generation on it now is to blame for this crap.

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Technically, this guy is wrong about adding social security to the general fund just as he is wrong in stating that Seniors of today voted for it.

Social Security receipts are used to pay current checks being sent out to senior citizens. Any extra after that is used to purchase special non negotiable Treasuries, which are still accounted for in the so called Trust Fund.
Just like any other Treasury sold, they became part of the overall debt.

What they actually have done over the years is to put these numbers on or off budget, depending on the usefulness in whatever political dialog politicians are spouting. During the Clinton Administration, it was included, because it was in a surplus, and it helped make the budget look better.

If Social Security receipts continue to be less than the checks going out, I expect that it will be taken off budget again, so the budget deficit will not look as large.

25 posted on 12/03/2012 10:41:42 PM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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