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Its a pay-as-you-go system.

Posted on: April 26, 2017 at 08:44:13 CT
DC Jayhawk KU
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If, for the sake of discussion, the government is to send out $1000 next month in SS payments, it needs to collect $1000 in the same month from employees/employers to be solvent. Money collected in the past was already distributed; there is no fund or account where SS taxes were collected and saved.
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What is the bare minimum - Rabbit Test MU - 4/26 08:13:14
     .....of handles that you have? At least 2, catbirdseat. (nm) - MIZ45 MU - 4/26 10:05:41
     0% (nm) - ummmm MU - 4/26 08:54:27
     I don't mind these yuge tax cuts, but I think my 25% - DevilsAdvocate MU - 4/26 08:42:32
     Problem is starting $20 trillion in the hole - mu7176grad MU - 4/26 08:23:41
          Just raid everyone's 401k and pay that **** off - HandBanana MU - 4/26 08:38:50
          How is SS unfunded? - JayHoaxH8r MU - 4/26 08:25:16
               They took the money - Rabbit Test MU - 4/26 08:48:35
               You are not paying for yours. It is a ponzi scheme (nm) - DevilsAdvocate MU - 4/26 08:45:20
                    Except ponzi scheme victims don't know it (nm) - ummmm MU - 4/26 09:05:08
                         Your point? - DevilsAdvocate MU - 4/26 09:11:38
                              Social Security is worse. We can know it is a scam, but we - ummmm MU - 4/26 09:14:13
               Its a pay-as-you-go system. - DC Jayhawk KU - 4/26 08:44:13
               I pay into that **** every paycheck. So does my employer! - HandBanana MU - 4/26 08:41:43
                    There is no trust fund-goes where the govt needs it - mu7176grad MU - 4/26 08:45:47
               Unfunded laibility at $13.4 Trillion - mu7176grad MU - 4/26 08:41:01
               Yeah, just pay into it and get your own money back and - Evenflow MU - 4/26 08:31:27
     Let's slash spending back to the federal government's - 4TigersinMichigan MU - 4/26 08:18:04
          Cool. That will leave post offices, a small defensive - ummmm MU - 4/26 08:59:38
          That's going to cause you lots of internal conflict - pickle MU - 4/26 08:20:01
          Spreading Democracy isn't a constitutional obligation, - Evenflow MU - 4/26 08:19:09
               Ummm, OK - 4TigersinMichigan MU - 4/26 08:21:02
                    Or drugs, or immigration, or just about everything - pickle MU - 4/26 08:22:54
                    Well, when you start babbling about the Constitution, - Evenflow MU - 4/26 08:22:40
                         Ummmm, OK - 4TigersinMichigan MU - 4/26 08:23:13




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