What does the Dept.of Treas. really do anymore? I don’t think they are nearly as powerful as they once were. But social security contributions were budgeted separately (honestly that is) until 1968 when Johnson administration budget officials wanted to tidy up the books. It’s really no different than local city officials who raid one solvent department to pay for another budget hole.
To: Freedom4US; sphinx
What does the Dept.of Treas. really do anymore?
They print currency (the Mint produces coins) and collect and manage/mismanage the tax revenues.
The Social Security system was originally set up as a trust, but it didn't take the politicians long to get their hooks into it.
And yes, sphinx, it was a Ponzi scheme, based on projections that the population would increase.
posted on 08/18/2007 9:23:07 AM PDT
(dhimmicrats and the liberal media have .chosen sides -- Islamofascism)
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