Free Republic
Browse · Search
General/Chat
Topics · Post Article

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.

*************************************************
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.)
[ Post Reply | Private Reply | To 20 | View Replies ]


To: greeneyes

Ok so when there is a shortfall where does the money come from?


29 posted on 12/03/2012 10:55:20 PM PST by for-q-clinton (If at first you don't succeed keep on sucking until you do succeed)
[ Post Reply | Private Reply | To 25 | View Replies ]

To: greeneyes
You are exactly right. There are securities in the trust fund (IOUs the govn. owes the trust fund) and they have moved them on and off budget, whichever it took to make the numbers look better.

The poster who started this should not have dumped on the elderly - he will be one himself one day and will suffer the ridicule of the young.

Sure, I'm old, likely older than anyone on this forum, but I see a change happening toward the elderly and it isn't a good one. People are angry because the elderly are getting their social security when they paid all their working lives. People are angry because the older one gets, the more medical care they need and that takes money and younger folks don't want the elderly to get that care because it costs Medicare money. (I seldom go to doctor, so I'm not costing the government money.)

This speaks of Hitler's method - killing the old, disabled, and mentally deficient. When will that be the norm? From what I see, I think by 2014, they start dying in more than normal numbers. It will become the norm. A nation that kills its babies, the elderly, the disabled, the mentally deficient, is a country without soul forever after.

30 posted on 12/03/2012 11:15:11 PM PST by Marcella (Prepping can save your life today.)
[ Post Reply | Private Reply | To 25 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


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