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econoclast

(543 posts)

1. No three card monte

Reply to yurbud (Original post)

Fri Sep 28, 2012, 11:11 AM

Sep 2012

The SS trust fund is required by law - and has been since its inception in the 1930s to invest any surplus in US government securities ... That is to say to lend that surplus to the government.

Thats the way the program was designed by FDR. You can look it up. The SS website has a link to the SS historians office - they have one - and you can get the full history.

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Ironically 47% DO pay for operation of federal government just with a different tax... [View all] yurbud Sep 2012 OP

No three card monte econoclast Sep 2012 #1

As one of the U.S. largest creditors, exboyfil Sep 2012 #2

it's only three card monte because pols are trying to figure out how to NOT pay it back yurbud Sep 2012 #5

yes, & the original design of SS accumulated didn't accumulate growing surpluses in the TF -- unlike HiPointDem Oct 2012 #6

47% also pay Federal excise taxes meow2u3 Sep 2012 #3

because i a 'self employed' and do not get a W2, out of my under 3k was fica taxed. pansypoo53219 Sep 2012 #4