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The New DU. Reply #36: Trust Fund
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suston96
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Sun Nov-25-07 05:35 PM
Response to Reply #28 |
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Rasputin:
You say:
"The amount IN, has far outweighed the payouts. There was an excess of funds going in, that weren't being paid to recipients...it was being spent on other government projects.
If the monies received were actually held within the system, said system would be sufficient to last for quite some time."
There is an element in the discussion you are missing: The Trust Funds cannot be spent by anyone or for anything other than for what they are "in Trust".
There is no warehouse or bank with "Social Security Trust Funds" stored therein. It is an accounting system that keeps track of INS and OUTS.
The Social Security demons know that fully well so they are concentrating on future demographics. Those of us who claim that the Congress is raiding the trust fund are on the wrong path because......
Congress CANNOT raid a Trust Fund that exists only in an accounting ledger.
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