Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: marktwain

Excuse me, but there was a sustantial yearly surplus for about two decades beginning in the mid 80s. SS taxes brought in more than was needed to make curren SS payments. But instead of saving the surplus, govt - D and R - used it for general govt programs


20 posted on 08/29/2015 7:53:32 PM PDT by WilliamIII (The)
[ Post Reply | Private Reply | To 12 | View Replies ]


To: WilliamIII

Yes, SS funds were *always* used for general purposes as well as SS.

What would you have had them do with the funds? They never invested them in anything real. They just used them to “pay off” government debt.

The best run government retirement system is in Wisconsin. They put the retirement money directly into the stock market, where it earns real dividends from real investments.


29 posted on 08/29/2015 8:10:55 PM PDT by marktwain
[ Post Reply | Private Reply | To 20 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson