Posted on 01/20/2019 9:08:11 PM PST by rintintin
The Seniors Center announces more than 373,000 Americans have signed their Trust Fund Emergency Petition to date. The nonprofit senior's advocacy organization is well on its way to reaching its goal of 1,000,000 petitions.
The Seniors Center and a grassroots army of activists have collected 373,546 signatures from 49 states and 433 Congressional districts. Online activists have taken to social media to help The Seniors Center reach its goal.
"We're seeing comments on Facebook and Twitter–even Pinterest," said Dan Perrin, President of The Seniors Center. "In the last month, over 1,000 people have left comments online and we're getting hundreds of new signatures every day. A lot of these people have never participated in grassroots advocacy. Now they're making their voices heard with passion."
The Trust Fund Emergency Petition to Congress is the cornerstone campaign of The Seniors Center's push to dramatically change the way the federal government handles Social Security investment and financing. Signers seek to change the laws requiring Social Security surplus funds be invested in Treasury bills and to redeem and return these funds to a physical trust account for retirees.
(Excerpt) Read more at prnewswire.com ...
“End the practice of borrowing from Social Security surplus funds to finance general expenditures, ensuring FICA payroll contributions are solely used for the payment of benefits;”
Too late. Outgoes are already exceeding inflows.
Too late. Outgoes are already exceeding inflows.
Social Security has taken in $2.5 trillion more tha it has paid out. But Congress spent the surplus on general spending, including the Iraq War. They need to make good on their promises to pay back that “borrowed” money - or they’re common thieves
Congress can spend revenue in any way it sees fit. So sayeth SCOTUS.
Congress can spend revenue in any way it sees fit. So sayeth SCOTUS.
Maybe so, but it’s still theft of Social Security money. If they try to cut benefits instead of paying back the trillions they’ve “borrowed,” they’re criminals - no matter what the courts say
What did you think would happen to SS? You actually trust politicians not to spend money they are sitting on?
Congress: “Ha! We’ve spent it all and there’s nothing you can do!”
The money was already spent. Wishing it back isn’t going to make it magically reappear.
It was officially “borrowed” from the Social Security trust fund. Just as with a government bond, Congress is supposed to pay the money back
when somebody borrowed money from you , you’re ok with them not repaying - as long as they tell you they’ve “spent it and you vant wish it back”? Great, can I borrow $10,000?
Convenient, this process where one group of people gets to borrow money and leave a different group of people with the responsibility to pay it back.
Time to face that we’ve been scammed this whole time and it will never be paid back. Best we can do is get rid of the program after it collapses.
it will only “never be paid back” if voters let Congress get away with not paying it back. I’m certainly not going to remain silent if they try to skip out on repaying their borrowing
The people who borrowed the money are not the same people who are being expected to pay it back, that’s the problem with the theory. A session of Congress cannot bind the acts of future sessions, and an expectation that politicians would do the right thing rather than do what they have always done with the public treasury (buy votes with it) was always ludicrous.
The time to not be silent about it was about 25 years ago. Remember what SS was called then? The “third rail” of electoral politics - the enemy of the people media made sure everybody knew that asking questions about where the money went was not going to happen.
The people who borrowed the money are not the same people who are being expected to pay it back, that’s the problem with the theory
That’s like saying, because you bought a government bond during the 96th Congress, you shouldn’t expect to be repaid because it’s now the 102d Congress , so it’s not the same politicians who borrowed and spent your money. That’s a suckers logic. Do you passively and meekly allow yourself to get ripped off frequently? Sounds like you’re an easy mark
The time to not be silent about it was about 25 years ago.
Nope, the time to make a noise is now, if Congress tries to dishonor the IOU that the government gave to the Social Security trust fund when it borrowed the money. Do you understand the concept of borrowing? It means a debt that must be repaid - even if some time has passed.
I understand borrowing just fine. You don’t seem to understand the concept that you getting scammed doesn’t impose an obligation on innocent third parties to make you whole.
I really dont’ think congress cares about senior citizens they have illegal aliens now.
weird how some Freepers, yourself included, are making excuses for Congress defaulting on it’s debt to the Social Security Trust Fund. I wonder what other debts - public or private - you’d be ok wiling forgiving. If you own treasury bills, maybe the government shouldn’t pay you on them.
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