The Mudcat Café TM
Thread #139443   Message #3198768
Posted By: pdq
30-Jul-11 - 07:20 PM
Thread Name: BS: Social Security and the Deficit
Subject: RE: BS: Social Security and the Deficit
"It may be a government program, but it is paid for by a specific fund, not general tax revenue." ~ Arkie

Losta people in the government want you to think that, but your Social Security check comes out of the General Fund just as everything else does.

It may appear on your paycheck as separate item, hense billed separately, but that does not mean that the money goes into trust fund.

Actually, the regular witholding goes into the General Fund as a cash asset but the SS portion is stolen by the Federal Government to pay other bills. They leave an IOU, ostensibly with iterest, but that interest is paid by deficit spending. Yes, endlessly we pay off debt and all the compounded interest on it with more debt. What was supposed to be a "lock box" is nothing but a box of IOUs.