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

To: mazda77


“...it is a RAID ON THE SOCIAL SECURITY TRUST FUND!...PERIOD!

I wish.

The “Trust Fund” has already been spent.

Social Security “loans” excess funds to the U.S. Treasury.

The Treasury instantly spends those funds on current government expenses.

In return, Social Security gets special intra-government bonds that the Treasury promises to repay in the future.

If the government goes broke, Social Security goes broke.

Investor’s Business Daily had an excellent editorial today making your second point.

And on C-SPAN last night a Congressman I didn’t recognize also made your second point.

But, as you note, no GOP leadership is involved at all.


191 posted on 12/23/2011 1:58:49 AM PST by zeestephen
[ Post Reply | Private Reply | To 98 | View Replies ]


To: zeestephen
If the government goes broke, Social Security goes broke.

Not only would Social Security payments stop, but all government retirement payments including those to military retirees.

There are no trust funds.

192 posted on 12/23/2011 2:36:14 AM PST by Doe Eyes
[ Post Reply | Private Reply | To 191 | View Replies ]

To: zeestephen

My point was that of a technical issue, that these bassturds are still playing ourselves against ourselves. The finer point is that nobody in an elected position, opposite of the Democrats, have been taking the “Republicans want to end Social Security” crap for so long that when given a chance to show this for what it is, they fold like a cheap suit. For no explicable reason do they have any capability to lead.

I was using the empty trust fund to explain the larger point and how they intend to implement it.

In a larger sense, I am so mad that blood will start to shoot from my eyes any day now, and tomorrow is Christmas Eve.


194 posted on 12/23/2011 3:11:58 AM PST by mazda77 (and I am a Native Texan)
[ Post Reply | Private Reply | To 191 | 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