They didn’t invest the Social Security money .. it was supposed to have been put into a Trust Fund, and saved for those who retired .. PERIOD! It was for awhile .. but all the Trust Fund contains today are I.O.U.’s. And now, the free ride is going to end possibly by the end of 2016 - instead of 2034.
People can argue that’s not true .. but I’ve spoken one-on-one with people who have seen the drawer filled with the IOU documents. So, I will not discuss this anymore .. because all the liberals have descended upon me, trying to erase that information.
I know what I know .. and you’ll never convince me otherwise.
And .. in case you’re interested .. FICA IS NOT SOCIAL SECURITY.
“all the Trust Fund contains today are I.O.U.’s”
It’s worse than that: all the Trust Fund contains today are demands for payments for loans. Loans made to support welfare.
Ah yes, the magic Trust Fund delusion.
The only instrument for Government to invest in is and always has been Treasury Bills. The cash simply is transformed into Public Debt.
The beauty in this Ponzi scheme is its reliance on fools like you who think it can somehow be fixed. If you want to convert it to a private system then say so. If not, then shut up and take what your Government masters deign to give you.