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To: sickoflibs

I maintain there simply is no money in a SS trust fund. That was ended long ago. The entity may exist as a name only at this point. When either side talks about this fund as existing and that on paper at least it has some 2.4 Trillion dollars in the account, they are deceiving people.


15 posted on 11/11/2011 1:26:31 PM PST by Marine_Uncle (Honor must be earned.)
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To: Marine_Uncle
RE :"I maintain there simply is no money in a SS trust fund. That was ended long ago."

When Reagan raised FICA taxes to create a SS surplus (contrary to how Newt claims it happened) that money was spend immediately by the government, leaving a worthless IOU to itself. It is about as real as the deficit reduction compromise trigger.

It is amazing that people STILL take those in DC seriously, thanks to the media.

16 posted on 11/11/2011 1:36:51 PM PST by sickoflibs (Cain :"My parents didn't raise me to beg the government for other peoples money")
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