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To: This I Wonder32460
Your; Isn’t social security running out of money to provide retirement benefits to retirees?

Last I understood, Social Security several years ago started and paying out more money than it was receiving. This continues.

Supposedly, that money is coming out of the trust fund. But the trust fund is not actual money. It is just a bunch of fancy IOU notes from the federal government.

The actual money was put in the general fund long ago by the Democrats and spent as fast as it was received. This was truly a case of "no trust, no fund".

So my answer to your question is; "No. It ran out of money years ago and is paying benefits out of the general fund."

I do not believe I will receive any Social Security income. Will probably receive something called Social Security. But it will be part of a con game where the money comes out of one of my pockets and part of it goes into the other.

17 posted on 03/18/2014 5:02:18 AM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: DakotaGator
The actual money was put in the general fund long ago by the Democrats and spent as fast as it was received. This was truly a case of "no trust, no fund".

Be sure never to buy into the little canard that somebody "raided the trust fund."

That was the way Social Security was designed to operate by FDR. It was a ponzi scheme by its very design...and is operating exactly the way it was supposed to.

(The above is not Pollyanna...the above simply states that it was government-sponsored theft of assets from the beginning)

22 posted on 03/18/2014 5:38:42 AM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good -- Leo XIII)
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To: DakotaGator
I do not believe I will receive any Social Security income. Will probably receive something called Social Security. But it will be part of a con game where the money comes out of one of my pockets and part of it goes into the other.

Your Social Security check will be bigger than ever! Bigger than your wildest dreams! Except, there will be deductions for your fair share of health care costs, etc, totaling more than your check, so pay this amount now due.
36 posted on 03/18/2014 8:50:14 AM PDT by Colinsky
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