What will you do when you find out the government has stolen all the money out of social security fund?

Question

Will you strave when you no longer get a blue check every month?

Answer 1

Not be too surprised – but that’s why I am saving for my retirement. If I get SS it will be icing on the cake!

"There is no security in this life. There is only opportunity."
- Gen Douglas MacArthur

Answer 2

Social Security sends out their checks owed every month and puts the surplus in the general fund. This accounting practice was started with Bush Sr. and was never stopped. There is an accounting entry made that this money still belongs to social security, but it is gone.

Most people are unable to save for retirement and live paycheck to paycheck. People who have paid into it all their lives should get Social Security benefits or a refund of the money they paid into it.

Answer 3

Like we somehow didn't know this anyway?

There never has been nor will there ever be a Social Security Trust Fund. All of the excess money sent to Washington in Social Security taxes is invested, if you can call it that, in government bonds, and has always been since the program was instituted.

Answer 4

I will be eating.

If by now, people do not know that Social Security is a "Ponzi-Scheme" transfer payment system, then they really are more uninformed than even I thought they were. The word "fund" has nothing to do with Social Security. Congress has already robbed all of the surpluses that were produced by the Baby Boomers and replaced them with IOUs. (That means you people)

The situation will become dire very soon and politicians still have zero "will" to do anything. They are despicable.

Answer 5

You do realize the trust fund was separate fund until LBJ used it to hide the military spending for se asia war. Ever since it has been used to hide the deficit every year. But now the funds need replacing and the fund is full of IOUs. Can not hide the problem much linger.

Answer 6

It's been common knowledge for years that the government has 'borrowed' money from the social security trust and left Treasury notes in its place to fund the government. Why else do you think we ran a surplus in the 90's, creative accounting is all.

Answer 7

If JBJ (Johnson) had left Soc.Sec. alone and not put it in with the general fund, we would have more money and pay less today.
Also the money is short because the govenment give away the money to people that never paid a dime to Soc.Sec. and they also started the give away program.

Answer 8

Social Security is Voluntary. If you don't like it. Opt out.


http://www.givemeliberty.org/
http://www.tax-freedom.com/

Answer 9

they may put an IOU in the Social Security safe.

Answer 10

Fall back on 1 retirement and two roth IRA's that I have, SS was never going to be my only source of retirement income and if your smart, you won't bet its going to be yours either.