Congress Robbed Social Security And Doesn't Want To Pay It Back

[Magoo]

No one here seems to understand finance one bit. You put your social security money in from your paycheck it gets spent for something the government needs and they give you a receipt for it to be turned in for payment and interest later.
Where they get the money makes no difference they must get it and pay you thats the deal.
If I go down to the Bank and deposit 10 Grand today then next week walk in and want my 10 grand back they will tell me they don't have it on hand they could write me a check or order the cash but it won't be there today.
THE BANK don't keep it in the vault they invest it lend it out make money with it.
Social Security Administration does the same thing they lend it to the US Government.
OH you say the government spends more then it brings in!
True they have been doing that all my life with a 2 year exception when Clinton was President they always spent more then they received.
The Government seems to be able to handle such short comings even if you can't do that at home.
They may print it or what ever (less printing if they raise revenues) but I don't care just get it to me.
What did they do when they started two wars and lowered taxes? They printed it!
Now it seems because I'm due some of that money they don't want to print it up or raise tax's!
Bet your ass if they skin me they will spend it on something else!
Heres what I say F-THEM get me the money and you might keep your job!

[Docker]

Warning, bring your security blanket before watching this - the truth may hurt...

You may want to hide under that security blanket after watching this!

[Joe the plumber]

No one here seems to understand finance one bit. You put your social security money in from your paycheck it gets spent for something the government needs and they give you a receipt for it to be turned in for payment and interest later.
Where they get the money makes no difference they must get it and pay you thats the deal.
!
Bet your ass if they skin me they will spend it on something else!
Heres what I say F-THEM get me the money and you might keep your job!

This is true. In one hand out the other. Those working pay in, those collecting get a check. The rest is spent. The 6% social security money that is funding the jobs bill temporarily, will become permanent putting more strain on SS. Screw the seniors..he wants them dead anyhow

[Magoo]

This is true. In one hand out the other. Those working pay in, those collecting get a check. The rest is spent. The 6% social security money that is funding the jobs bill temporarily, will become permanent putting more strain on SS. Screw the seniors..he wants them dead anyhow

No it don't hurt them a bit general revenue kicks in a buck for every buck thats not brought in by the employee discount. Employers are still paying in their full share

[jimmy g]

mags, perhaps you did not read what I posted about Herlmering vs Davis. It was only approved as Constitutional because it's a Tax with NO Guarantee of any return. SCOTUS said none is being held for an individual or it would not be Constitutional. We get it only because Congress is afraid to stop it.

[Docker]

mags, perhaps you did not read what I posted about Herlmering vs Davis. It was only approved as Constitutional because it's a Tax with NO Guarantee of any return. SCOTUS said none is being held for an individual or it would not be Constitutional. We get it only because Congress is afraid to stop it.

That the money the participants put into the independent "Trust Fund" rather than into the General operating fund, and therefore, would only be used to fund the Social Security Retirement Program, and no other Government program...-Truth!

This one gets a little complex.
According to the SSA, the way that Social Security is financed has not changed since it was enacted in 1939.
Social Security payroll taxes are deposited into The Social Security Trust Fund.
The SSA says that those funds have never been taken out and put into a "general fund."
There was an accounting change in 1968, however, that listed the Trust Fund under something called the "unified budget" along with all other federal programs.
In 1990, there was another accounting change that took the Trust Fund out from under that umbrella, but according to the SSA, it was merely a matter of accounting practices, not the function of the fund itself.

Democratic Origins of Social Security-Fiction!

[Joe the plumber]

No one here seems to understand finance one bit. You put your social security money in from your paycheck it gets spent for something the government needs and they give you a receipt for it to be turned in for payment and interest later.
Where they get the money makes no difference they must get it and pay you thats the deal.
!
Bet your ass if they skin me they will spend it on something else!
Heres what I say F-THEM get me the money and you might keep your job!

This is true. In one hand out the other. Those working pay in, those collecting get a check. The rest is spent. The 6% social security money that is funding the jobs bill temporarily, will become permanent putting more strain on SS. Screw the seniors..he wants them dead anyhow

[Magoo]

mags, perhaps you did not read what I posted about Herlmering vs Davis. It was only approved as Constitutional because it's a Tax with NO Guarantee of any return. SCOTUS said none is being held for an individual or it would not be Constitutional. We get it only because Congress is afraid to stop it.

If you work and contribute the minimum number of quarters AND if you survive and rach the age you can draw a check every month.
If you die early you get nothing.

The money is collected put inot a account them that money is lent to the government for operating expenses.
The more Social Security money comes in the less Treasury Bills they sell to China
Its the same in that it is owed back to the Social Security administration.
They don't have it then let them find it somewhere.
They find money to invade countries across. the world let them find money to keep Gramps from getting thrown out on the street

[Starkravinloon]

Nope. Just want to know who spent it and on what. And since Republicans holler the most about how Social Security is bankrupt, I want to know how much they are responsible for this.

Do you honestly think,there hasn't been one hand that has ever come through DC that hasn't touched it? I tend to believe they all have....

[Starkravinloon]

If you work and contribute the minimum number of quarters AND if you survive and rach the age you can draw a check every month.
If you die early you get nothing.

The money is collected put inot a account them that money is lent to the government for operating expenses.
The more Social Security money comes in the less Treasury Bills they sell to China
Its the same in that it is owed back to the Social Security administration.
They don't have it then let them find it somewhere.
They find money to invade countries across. the world let them find money to keep Gramps from getting thrown out on the street

I like the "cut your nose off to spite your face" financial wizardry you portray here...You keep thinking it goes that way.....The government is the only run business that can buy with cash or put on credit, the estimated margin of profit....Corporations can't even do that, unless they deal in mandatory income....Never leave your sofa Mags, you're no Dave Ramsey...You only understand the simple things in world-wide finance...