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To: EBH

What the Gov’t said in 1964!

http://www.ssa.gov/history/ssa/usa1964-2.html

Self-Supporting

“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”

Where your money REALLY goes! Read and weep!

http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4


14 posted on 01/01/2011 8:32:00 AM PST by Ruy Dias de Bivar (I visited GEN TOMMY FRANKS Military Museum in HOBART, OKLAHOMA! Well worth it!)
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To: Ruy Dias de Bivar

The SS trust was targeted by LBJ to fund the ‘Great Society’ in other words, buy votes.


17 posted on 01/01/2011 8:46:21 AM PST by griswold3 (Employment is off-shored, away from govt. regulations, price pressure groups, and liabilities.)
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To: Ruy Dias de Bivar

You point out the scam that is/was with social security. It was sold as a savings account bearing interest required by a caring government. However, what this caring government did not tell was that it intended to use your savings with interest to give to so many people including children who would not be required to put anything into the pot.It should have been obvious as proven later that the pot cannot grow if the take(ers) is more than the give(ers). The politicians,democrats and republicans, saw the takers as more important to their voter count than the givers. As such there was a race to provide for the takers and the system is where it is. Remedy for SS: go back to original promise as to every man,women and child i.e. you take what you give, no give no take.


40 posted on 01/01/2011 11:04:38 AM PST by noinfringers2
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To: Ruy Dias de Bivar

You point out the scam that is/was with social security. It was sold as a savings account bearing interest required by a caring government. However, what this caring government did not tell was that it intended to use your savings with interest to give to so many people including children who would not be required to put anything into the pot.It should have been obvious as proven later that the pot cannot grow if the take(ers) is more than the give(ers). The politicians,democrats and republicans, saw the takers as more important to their voter count than the givers. As such there was a race to provide for the takers and the system is where it is. Remedy for SS: go back to original promise as to every man,women and child i.e. you take what you give, no give no take.


41 posted on 01/01/2011 11:04:59 AM PST by noinfringers2
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