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Reply #23: The fact remains that now people have got a taste [View All]

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exboyfil Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 11:03 AM
Response to Reply #22
23. The fact remains that now people have got a taste
of 2% less withholding from their paychecks. This is serious money when most folks are not even getting 2% raises.

What does it mean that the General Fund kicked in the difference? It means that either the Chinese or our own Fed bought additional paper which was then accounted for in the Trust Fund. This served to increase an already staggering debt.

It was a horrible idea to screw around with the withholding rate without also considering Social Securiy as a whole.

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