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Old 07-20-2011, 12:39 PM  
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What Does Cut, Cap and Balance do to SS?

A Yahoo answer to the question, wonder just where the author might suggest any surplus SS funds to be stored?

Quote:
I can tell you what it does not do.

It does not prohibit the government from co-mingling the "surplus" funds collected through the Social Security tax with the funds collected through the Income Tax.

It does not prohibit the government from "borrowing" those surplus social security funds and converting it into debt which currently represents about 33% of the entire debt. Also, nearly 50% of all interest currently being paid on the entire debt is on the money the government owes to social Security. The government is not paying any of the "principle" while adding to it.

Let me put it this way...you can worry about Social Security until the States finally decide it's time to use a Constitutional Amendment to prohibit the government from doing that and pay what it owes to Social Security.
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Old 07-21-2011, 01:26 PM  
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again, this has been explained to you at length many times, it's amazing how you consistently either don't understand or refuse to believe that no rationale place to store the money is in some vault filled with coins, yes it is borrowed from the general funds that have been used up with war and tax cuts for the rich
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Old 07-26-2011, 11:40 AM  
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Originally Posted by RedJeepXJ View Post
again, this has been explained to you at length many times, it's amazing how you consistently either don't understand or refuse to believe that no rationale place to store the money is in some vault filled with coins, yes it is borrowed from the general funds that have been used up with war and tax cuts for the rich
So you agree that it is all of us that pays the interest on the SS surplus? Maybe it would be better leveraged if it were loaned to businesses rather than the government. BTW the government has always spent the surplus even before wars and Obama.
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