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Response to grahamhgreen (Reply #77)

Mon Dec 24, 2012, 01:39 PM

80. Not quite true

 

SSI does add to the deficit, since the "trust fund" is comprised of intergovernment loans. It's like me borrowing $20 from my wife who takes it as a cash advance on the credit card and saying that my spending of the $20 doesn't increase our household deficit.

http://www.forbes.com/sites/merrillmatthews/2011/07/13/what-happened-to-the-2-6-trillion-social-security-trust-fund/2/

SSI has been mostly self funding through the years, but the money collected has been spent for other things. It is not currently self funding and projections show it will continue NOT to self fund until most of the boomers are dead unless we have a tax increase. If you want to be mad at someone about this you should look up WHO raided the SSI fund. Hint: we elected them.

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