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General Discussion

Nye Bevan

(25,406 posts)

14. The "trust fund" is like me writing an IOU for $2 million to myself,

Reply to cal04 (Original post)

Thu Dec 13, 2012, 09:43 AM

Dec 2012

locking it in a safe-deposit box, and then claiming that financially I'm all set for retirement.

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14 replies

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Fact-checkers Sputter And Flop Attempting To Explain How Social Security Works, Affects Deficit [View all] cal04 Dec 2012 OP

"Social Security, by law, does not add to the deficit." - someone missed the payroll tax cut PoliticAverse Dec 2012 #1

That is why I am *totally* against the payroll tax holiday. TheProgressive Dec 2012 #2

Apparently Obama is pushing to extend the holiday... PoliticAverse Dec 2012 #5

We need to inform Obama to stop the Payroll tax... TheProgressive Dec 2012 #6

It doesn't replace that missing revenue from the general fund, allrevvedup Dec 2012 #4

Well actually it replaces it from the trust fund with the amount taken from the trust fund replaced PoliticAverse Dec 2012 #7

Are you talking about the Treasury bills? allrevvedup Dec 2012 #9

I am not sure you are correct on your initial statement. TheProgressive Dec 2012 #8

The money belongs to the SS trust fund. It's loaned to the General fund, allrevvedup Dec 2012 #10

Where does the money Treasury is obligated to repay the Trust Fund ProgressiveEconomist Dec 2012 #12

When the trust fund special issue securities are redeemed the money comes from the general fund PoliticAverse Dec 2012 #13

I love that logic: "Well, we'd rather take your SS & spend it on other stuff ..." DirkGently Dec 2012 #3

Not for cutting SS, but the amount of money involved does affect economy. Hoyt Dec 2012 #11

The "trust fund" is like me writing an IOU for $2 million to myself, Nye Bevan Dec 2012 #14

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