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

To: Georgia Girl 2

Oh BTW there is no SS fund except on paper. All SS payments are from current income.


105 posted on 07/22/2011 9:46:19 AM PDT by SUSSA
[ Post Reply | Private Reply | To 97 | View Replies ]


To: SUSSA

Social Security comes from the payroll tax that is taken out of your paycheck every month. It is not derived from general revenues and that money has to be used to pay the SS. Social Security has specific bonds that it can sell and currently there are some billions in bonds available if needed. Enough to fund SS for several months. The President cannot just stop paying the social security checks. He can talk about doing it but he can’t do it.


179 posted on 07/22/2011 12:43:59 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
[ Post Reply | Private Reply | To 105 | 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