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To: SeekAndFind
Social Security has been struggling for years and turned cash-negative this decade, meaning the government paid out more in benefits each year than it collected from the payroll tax.

Proving there is no "trust fund" because if there was there would be literally hundreds of millions in "earnings" to supplement the cash flow from taxes. There never was a trust fund and this has always been a ponzi scheme. Our government is corrupt to the core. Next stop, public defined benefit plans bankrupting states, another corrupt Dem ponzi scheme.

7 posted on 06/06/2018 6:35:17 AM PDT by 1Old Pro
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To: 1Old Pro
RE: Proving there is no "trust fund" because if there was there would be literally hundreds of millions in "earnings" to supplement the cash flow from taxes.

Remember this from 2000?...


12 posted on 06/06/2018 6:37:45 AM PDT by SeekAndFind
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To: 1Old Pro

“Today, the federal government automatically puts all of the money that should be set aside for the Social Security Trust Fund into the General Fund. Raiding the Social Security Trust Fund was a precedent set in 1968 by another progressive president, Lyndon B. Johnson, to help pay for the Vietnam War.”
This is what I remembered. Once LBJ moved it from a trust fund to the general fund the government could raid it and replace the $$$ with T notes.


26 posted on 06/06/2018 6:47:55 AM PDT by antidemoncrat
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To: 1Old Pro

But, but, Lock Box! /s


47 posted on 06/06/2018 7:13:19 AM PDT by Do_Tar (To my NSA handler: Only kidding.)
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