To: oh8eleven
SSI is paid out of the general revenues, not FICA. Unemployment is paid by yet another tax. Medicare has its own tax. Medicaid is paid out of the general revenues.
Here's the problem. Social Security is still self financing. Alas, the US government borrowed all the funds and wasted them on EPA, Labor Department, Education Department, loans to bankrupt solar power companies, building more federal buildings, community development block grants, foreign aid, ....... a gazillion other things that should have been paid out of the general revenues raised by taxes rather than by borrowing money from enemy aliens.
76 posted on
10/30/2011 7:10:59 AM PDT by
muawiyah
To: muawiyah
Alas, the US government borrowed all the funds and wasted them on EPA, Labor Department, Education Department, loans to bankrupt solar power companies, building more federal buildings, community development block grants, foreign aid,
I couldn't agree more. If nothing else, at least SS gets paid to (mostly) Americans who earned it and paid for it.
81 posted on
10/30/2011 7:22:23 AM PDT by
oh8eleven
(RVN '67-'68)
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