An IOU is not a “trust fund.”
I repeat for the bazillionth time:
Anyone younger than 55 who thinks he/she is going to see a dime of Social Security is insane.
It is a big zero in my retirement planning.
The bad news is that the commie ‘RATS were counting on the illegal aliens to keep their Social Security scam afloat. I hope they’ve got a Plan B.
Cut it down burn it up, tomorrow we starve. /s for the sarcasm impaired
I want my money back. If they keep it, in most circles, that’s a crime.
Wonder if that has anything to do with the 2% discount on SS payments for last year and this year.
Ya think??
Any excuse to bring on the death panels.
but the Democrats say everything is great, there’s no problem.
/J.G.Wentworth- I really hate that commercial.
Al Gore thought it should be in a lockbox. I would have rather seen Al Gore in a lockbox (in St. Elizabeth’s))
Wake up you idiots, regurgitating everything the leftist say an do is not news, and is the number one reason why you are the old media and a dying news outlet.
No one reads you anymore, Americans cannot trust what they read in your newspaper! This article about the ss trust fund is just another example of the Washington bubble, unable and unwilling to get the facts right, again!
If they’re going to cut the retirement income they’ve promised everyone (I know it’s a Ponzi scam, but they pretend it’s not, so I will to), how about letting some portion of IRA/401k funds be withdrawn tax-free to compensate?
I would prefer turning Social Security into a means-tested welfare program, but if it takes exhausting a fictitious ‘trust fund’ to get it under control, that’s better than nothing.
Did I miss something in the article,The contributions to social Security come strictly from Payroll deductions which Obama has cut in half and called his Middle class tax cut the past couple of years to the tune of hundreds of Billions of dollars from the social security trust fund. Is it just a Coincidence since that so called payroll tax cut went into effect The trust fund Insolvency has Accelerated? How come NO ONE MENTIONS THAT?
No social program is going to be slashed , ever. The value if the money you receive will continue to lose value due to the nature of deficit spending and fiat currency. It results are the same, except with inflation, no voting is required and it is the easy way out for the pols.