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To: SeekAndFind

They would just steal the SS funds with IOU’s called US Government Bonds....................like they do now..................


6 posted on 03/18/2019 11:57:17 AM PDT by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: Red Badger

True, that’s exactly what has been happening, with Social Security tax payments being “borrowed” .

The major Social Security tax increases done during the Reagan era, were supposed to put Social Security on a sound financial footing. And that plan may well have worked, except for the fact that the tax money paid into Social Security, which was supposed to be dedicated to that purpose, was drained away through this “interfund borrowing”, or whatever technical term describes taking those funds and using for other purposes.


8 posted on 03/18/2019 12:00:30 PM PDT by Dilbert San Diego
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