Do you think it is fair that the federal government borrows from the social security trust fund?
Keep in mind that social security taxes are capped at about $100K. That means that someone making $1 million per year pays the same in social security taxes as someone making $100k/yr.
2006-08-17 06:08:32 · 10 answers · asked by Edward B 1 in Politics & Government ➔ Government
It's a fraud, on top of a Ponzi scheme.
No one will say, much less do, anything about it.
We're screwed.
2006-08-17 06:12:45 · answer #1 · answered by American citizen and taxpayer 7 · 1⤊ 0⤋
How much did the federal government during President Lyndon Johnson took from the social security trust fund
2015-10-30 07:46:43 · answer #2 · answered by Samuel S 1 · 0⤊ 0⤋
Billions!!!
Do you remember when the Democrat Congress passed the law that they could pull money out of the Social Security Fund?
It was a sad day for the nation.
2006-08-17 06:14:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The gov't borrows money just to put it into the trust fund.
2006-08-17 08:18:34 · answer #4 · answered by pattycake 3 · 0⤊ 0⤋
SSI is a joke.You better be saving money for your retirement because it's not going to help you one bit.Why should one person pay more than another, if if it's assumed that they're going to get the same amount back?
2006-08-17 06:27:25 · answer #5 · answered by Sallie J 3 · 0⤊ 1⤋
They took the money from us, they should have to pay it back, let them go without their salaries till it is paid back, either that or throw them all in jail, after all If the average person took money that did not belong to them they would go to jail.
2015-10-29 02:10:59 · answer #6 · answered by skunky 1 · 0⤊ 0⤋
no but the monies should be returned to the trust funds
2006-08-17 06:13:12 · answer #7 · answered by Raymond B 4 · 0⤊ 0⤋
probalby maxed it out by now,, leavign anyone young today pretty scrwwed up by the time they are ready for reti
2006-08-17 06:14:43 · answer #8 · answered by saijjan 2 · 0⤊ 0⤋
A MILLION BAJILLION DOLLERS!
2006-08-17 06:13:37 · answer #9 · answered by TrueSource 2 · 0⤊ 0⤋
no but see this site
http://www.ssa.gov/qa.htm
2006-08-17 06:25:11 · answer #10 · answered by Sindebad 3 · 0⤊ 0⤋