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To: ChicagoConservative27
No Cuts to Social Security, Medicare in Debt Ceiling Resolution

This makes sense from the viewpoint that NOT A DIME of income taxes was EVER paid towards the national debt principle - it was all thrown away as usury interest to cabal banksters, from 1989 thru now. Spending only increased the amount borrowed from these banksters.

OTOH, SS and medicare are separate amounts from American paychecks earmarked for a specific purpose - retirement and health care. If congress stole from these accounts over the years, the onus is on them to account from their thievery.

7 posted on 01/25/2023 6:23:06 PM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: C210N
ooops, correction:

from 1789 thru now.

8 posted on 01/25/2023 6:24:02 PM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: C210N
...OTOH, SS and medicare are separate amounts from American paychecks earmarked for a specific purpose - retirement and health care. If congress stole from these accounts over the years, the onus is on them to account from their thievery.

I hate to be the one to bring you this news, but the SS "Trust Fund" is nothing but an accounting fiction. The money was spent from the general fund long ago and any repayment is going to be from general taxes.

SS Taxes are given to the US Treasury which issues special bonds to the the SS Administration and then the Treasury commingles the money with all of the other money it has and spends it.

Imagine if I were walking down the street and had $20 in my left pocket. I take the $20 out of my left pocket and put it in my right pocket, and then write an IOU saying my right pocket owes my left pocket $20. I hold onto that IOU and spend the $20. BUT, I then claim that I still have $20 in assets because I have that IOU. This is exactly how the SS Trust Fund works. And the guys who thought up this scheme are long dead, but used the money to buy Dem votes.

20 posted on 01/25/2023 9:19:02 PM PST by CurlyDave
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To: C210N
it was all thrown away as usury interest to cabal banksters, from 1989 thru now

Hope their bags are packed.

24 posted on 01/26/2023 5:56:17 AM PST by Jim Noble (You have sat too long for any good you have been doing)
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