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Lasher

(29,485 posts)

9. Yes, the general fund has borrowed from the trust funds for decades.

Reply to Big Blue Marble (Reply #4)

Mon Feb 13, 2012, 10:56 PM

Feb 2012

And the general fund is obliged to pay back what it's borrowed, plus interest.

But this is a different issue. The general fund has reimbursed the trust funds for their losses brought about by recent payroll tax cuts. I want to know if this new payroll tax cut is to be the same in this respect, or if it will come at the expense of the trust funds.

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Highlight:

GOP Drops Demand For Offsetting Payroll Tax Cut [View all] ProSense Feb 2012 OP

Boner 1ProudAtheist Feb 2012 #1

Could become a Pyrrhic victory Owlet Feb 2012 #2

Would the general fund make up for the resulting shortfall in the trust funds? Lasher Feb 2012 #3

Doesn't the General Fund fund it's overage with funds from SS? Big Blue Marble Feb 2012 #4

Yes, the general fund has borrowed from the trust funds for decades. Lasher Feb 2012 #9

the general fund makes up the difference. unblock Feb 2012 #5

How do you know this? Lasher Feb 2012 #10

heard it on cnbc, but more important, it would have been allll over the news otherwise. unblock Feb 2012 #11

given a choice, republicans opt to increase the deficit. unblock Feb 2012 #6

Thanks. Scurrilous Feb 2012 #7

I hope Dems make them eat the WHOLE THING, inluding Lil Missy Feb 2012 #8