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To: Principled
Social Security funding is through taxes. All funding “for” Social Security goes into the general fund. All funds paid out to Social Security recipients go out of the general fund. Do you also think there is a “lockbox”?
33 posted on 12/21/2011 8:36:36 AM PST by allmendream (Tea Party did not send the GOP to D.C. to negotiate the terms of our surrender to socialism.)
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To: allmendream
Social Security funding is through taxes.

SS funding was supposed to be via "contributions" ie payroll taxes. It isn't [anymore] of course - which is one thing that is important to point out. This proposed funding cut deteriorates our ability to pay benefits. Our payments were promised as a retirement safety net - of course we know the payments were absorbed by the general fund and replaced with IOUs - which btw don't by food or medicine.

All funding “for” Social Security goes into the general fund.

No, it doesn't. It goes into the Social Security Trust Fund whereby it is immediately swapped for US debt.

All funds paid out to Social Security recipients go out of the general fund.

Yes, hello... that is the point. The payments should NOT go out of the general fund. Shorting the trust fund even further simply ensures that payments will be made from the income taxes of those who actually pay them. It's another redistribution scheme. Get it?

Do you also think there is a “lockbox”?

Also believe what? And no, there is no lockbox. There is only an "escrow" for SS revenues - and they revenues are immediately [if not sooner] transferred to general fund with a debt swap. Nothing is locked at all.

Separately, who peed in your cheerios this am?

43 posted on 12/21/2011 8:49:38 AM PST by Principled
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