Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: HankReardon

There is no 'trust fund' and hasn't ever been such a thing as far as I know. SS funds are confiscated from our paychecks and go right to the general fund to pay out to the SS receivers.

There is no algore 'lockbox'...never has been. SS $$ go to buy some bonds too, I think...

That is all I know, nuthin' more and I don't care that I don't know more. It's like Wonder Bread, I like it and don't care it's white poison!


3 posted on 04/02/2005 5:15:51 AM PST by GRRRRR (America the Wonderful! Optimism beats Pessimism Every Time!)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: GRRRRR

Actually .. I think there was originally .. but the dems were in power and decided they could borrow the money and just put a chit or IOU in it's place and put the money back later.

The dems were in power for 40 years - they had plenty of time to wreck SS long before Bush came into office.

People who blame everything on Bush are just vacant of brains.


62 posted on 04/02/2005 4:12:52 PM PST by CyberAnt (President Bush: "America is the greatest nation on the face of the earth")
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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