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To: I want the USA back

If memory serves me correct, Social Security was a reserve fund. Then Congress needed more many and passed a resolution so they can raid it!


32 posted on 12/01/2019 9:54:01 AM PST by LoveMyFreedom
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To: LoveMyFreedom

Not True. Social Security has always been a pay as you go system from it’s creation. The law stated that any excess funds were to be “invested” in special interest bearing treasury bonds. They are special because these bonds cannot be sold to anyone else and can only be redeemed by the federal government.

Congress has never raided social security.


39 posted on 12/01/2019 2:37:32 PM PST by OIFVeteran
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