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To: Kaslin
In the U.S., we have trust funds — but they serve an accounting function, not a financial function. . . . Every payroll tax check sent to Washington is written to the U.S. Treasury. Every Social Security benefit check is written on the U.S. Treasury. The trust funds do not buy bonds. That’s because they do not buy anything. . . . Technically, the trust fund bonds represent the cumulative surplus (payroll tax collections minus benefit payments).

The Social Security "Trust Fund" is the biggest lie that Libs got the country to believe. Even conservatives are ready to fight if you point out that all they were doing was paying taxes and don't have a Social Security account with money in it. Generations of politicians destroyed this country's financial health with this obscene Ponzi scheme.

It is evil. And evil is not too strong of a word for it. What else would you call something that causes your children and grandchildren to live in misery? And anyone who thinks that demanding full benefits at 65 isn't going to cause their kids or grandchildren to live a much worse standard of living is fooling themselves in the worst way.

Its time to wake up. Raise the retirement age and cut benefits (gradually). Nothing else will solve the problem.

4 posted on 03/28/2011 6:10:08 AM PDT by Opinionated Blowhard ("The time will come when Winter will ask you what you were doing all Summer" -- Henry Clay)
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To: Opinionated Blowhard

***The Social Security “Trust Fund” is the biggest lie that Libs got the country to believe.***

What? You don’t trust the “faith and credit (taxes)” of the US government?

Here is what they said from 1964!

http://www.ssa.gov/history/ssa/usa1964-2.html

Self-Supporting

“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”

And here is where your money went! Read and Weep!

http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4


9 posted on 03/28/2011 8:21:19 AM PDT by Ruy Dias de Bivar (Visit the TOMMY FRANKS MILITARY MUSEUM in HOBART, OK. I did, well worth it!)
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To: Opinionated Blowhard
The Social Security "Trust Fund" is the biggest lie that Libs got the country to believe. Even conservatives are ready to fight if you point out that all they were doing was paying taxes and don't have a Social Security account with money in it.

Even a lot of freepers who should know better.

11 posted on 03/28/2011 10:11:29 AM PDT by zeugma (Ad Majorem Dei Gloriam)
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