General Discussion

mike_c

(37,136 posts)

5. SS is entirely self funded

Tue Nov 1, 2022, 06:34 PM

Nov 2022

The money comes from worker and employer contributions and by law is kept separate from the general fund, meaning that SS does not contribute to the budget deficit or any other government debt. The SS Trust invests "excess" funds (in excess of current outlays) in special issue treasury bonds, which earn interest, as do all treasury bonds. Those bonds are repaid at maturity. The US has never defaulted on its treasury obligations. Social security is a retirement savings account for worker's dollars.

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Biden tweet: Republicans want to cut Social Security. Who the hell do they think they are? [View all] FelineOverlord Nov 2022 OP

Nice to see Joe PO'd bout this! I wudve used a different word than "hell"... InAbLuEsTaTe Nov 2022 #1

This message was self-deleted by its author Disaffected Nov 2022 #2

Question: Disaffected Nov 2022 #3

SS is entirely self funded mike_c Nov 2022 #5

OK thanks,, but how then Disaffected Nov 2022 #8

If you're an American citizen, DeeDeeNY Nov 2022 #6

Also if you have "employees" using someone else's SSN to get by I-9, haele Nov 2022 #9

even if you are not an American citizen drray23 Nov 2022 #10

Of course they want to cut it. grumpyduck Nov 2022 #4

Where is the ad where... lame54 Nov 2022 #7

All of this should appear in every living room. Hermit-The-Prog Nov 2022 #11