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In reply to the discussion: Just for the record: Social Security is self funded and does NOT add to the debt. rec for the truth. [View all]Elmergantry
(884 posts)70. Here is what I understand..
And correct me if I am wrong (Im sure that wont be a problem)
The SS admin is paying current payees with SS tax money coming in, and since that is now not enough, it is "cashing-in" the IOUS known as T-Bills that were placed there when the govt raided the money years back when their was a surplus of revenu coming in. So now the govt has to pay off those IOU's that the SS Admin is now redemming, and to do that they are borrwing more money and adding to the debt by selling more T-Bills...
Is this correct? If so then I could see how one could claim that SS is "adding to the debt"...but the money should never have been lent to the Govt in the first place..
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Just for the record: Social Security is self funded and does NOT add to the debt. rec for the truth. [View all]
In Truth We Trust
Dec 2012
OP
Wondering, do you find people who dictate for everyon else what vast sets of different things "show"
patrice
Dec 2012
#3
How accurately does my description characterize your post? & I really was just wondering about your
patrice
Dec 2012
#8
I asked you a question which you are refusing to answer. Why is that? You could have SHOWN that
patrice
Dec 2012
#19
You didn't ask me that, LOL. Your first response seemed to imply you were ACCUSING me of being a
MotherPetrie
Dec 2012
#50
You assume that we know why Obama would put chained CPI on the table, which isn't a cut, btw, it's
patrice
Dec 2012
#51
Wow. You really love to throw that word "fascist" around when YOU are the one ordering MotherPetrie
forestpath
Dec 2012
#16
Perhaps your standards for rationalism are different from mine, more willing to assume big stuff
patrice
Dec 2012
#24
Pardon me if I observe that OPINION is opinion, even if the opinionated refuses to do so. nt
patrice
Dec 2012
#29
That's NOT what you're doing. You keep claiming they said things they didn't say.
forestpath
Dec 2012
#30
What kind of truth? We are talking about millions of people here, so facts are most useful. &
patrice
Dec 2012
#26
The president has now created a new Democratic program. This is now the Obama Austerity program.
fasttense
Dec 2012
#64
Un-rec: If I can reduce the number of middle-wo/men in between what SS deposites in my bank acount @
patrice
Dec 2012
#2
And I'll take it that anyone who disagrees with my budget priority wants SUBSIDIES for FOR-PROFIT
patrice
Dec 2012
#12
And you take people who characterize vast sets of information & persons, about which they know
patrice
Dec 2012
#48
and who is letting them stay there right this minute by permitting ANY discussion of SS?
robinlynne
Dec 2012
#13
Why didn't you take my advice? The answer is at the site. That suggests to me that you are not
spooky3
Dec 2012
#72
Go to the SSA site and look for the FAQ page on the social security trust fund, for a start.
spooky3
Dec 2012
#74
K&R, again. This fact has been shown and shown and shown again, yet even here there are so many
Egalitarian Thug
Dec 2012
#20
Too many opinionated people around TRYING to limit the options here to EVER get consideration of
patrice
Dec 2012
#33
Yes, without doing anything, the fund is good to 2037. Forever after lifting the cap.
mbperrin
Dec 2012
#38
NO ONE in Congress is going to stand up for any position that cuts ITS OWN support out from under
patrice
Dec 2012
#34
Rec, but it won't matter. SS and Medicare have ALWAYS been the true target.
NorthCarolina
Dec 2012
#35
The government has borrowed nearly $2.7 trillion as of 2011 from the SS trust fund.
progressoid
Dec 2012
#42
Your post is very welcome. Thank you! Purely criminal behavior to borrow this HUGE sum and then have
In Truth We Trust
Dec 2012
#49
Such "borrowing" with no intention to ever pay it back was begun by LBJ, expanded by Nixon, and
AnotherMcIntosh
Dec 2012
#56
Any cuts, at all, to Social Security and if Dems have a hand in it...means
TheProgressive
Dec 2012
#54
The problem is that neither party wants to pay back the $2.7 trillion surplus which has been loaned
Faryn Balyncd
Dec 2012
#59