Bingo! You broke the code!!!
In 1983, our SS taxes were increased to save for just this day,remember—it was called the Reagan Commission.
So, instead of being put away, or invested APART from the general fund, the increased SS taxes were spent , IN ADDITION to the general fund expenditures in the annual budget.
So, the Congress spent the overage for their pet projects and empires,and gave SS a stack of government bonds to be redeemed when the big day came.
How does the government redeemed the bonds that have been “purchased” with the overage SS funds we paid in to the system already?
Oh, that’s—by taxing us AGAIn to pay for the funds to redeem the bonds we already paid for!
So, we Baby Boomers will pay TWICE for the same benefit. And if we don’t, our children will pay for the the benefits we already paid for!
Ain;t governemnt grand?
If the American people ever figure out how they have been looted by their own Congress, there would be a shortage of rope in DC.
We have been looted to pay for SS benefits twice; they crashed the real estate market, lowering the value of our homes; they crashed the stock market—lowering the value of our IRAs and 401Ks.
Now they are lowering the value of our currency by running up unsustainable debt and borrowing at a rate that can nevr be repaid.
Tar and feathers anyone?
I was thinking more along lines of fashionably painted guillotines ... puce and pus, anyone?
That would way too kind. If they had to abide under the same set of rules as the rest of us maybe they wouldn't have screwed us as bad. Belay that thought. How stupid of me.