Category: Reality Check
Over the decades the Treasury robbed several trillions in SS funds, exchanging them for IOUs (never reimbursed) in order to provide a kind of “social insurance” . The reforms enabled our government to collect what accumulated to the $ trillion in the Social Security Trust Fund. (The $ trillion is a combination of taxes. The Social Security Trust Fund and the national debt are certainly important The more pressing question is: has the public been “robbed” and.
Yes. The Federal Government currently owes the Social Security Trust Fund $ Trillion Dollars. That's $ Q1: Which political party took Social Security from the independent trust fund and put it into The Social Security Trust Fund was created in as part of the. What really happens to Social Security's trillions of dollars in excess of Congress changing Social Security's primary funding mechanism, that.
Social Security's Trust Fund has been used to finance the national debt. the Treasury isn't robbery -- indeed, Social Security actually benefits. Stop me if you've heard this one before: "Social Security would be doing just fine if the thieving politicians hadn't stolen all the money from the. So, despite what you may hear, nobody has stolen any money from the Social Security Trust Fund *yet*- borrowing money at interest with the consent of an. The Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund are trust funds that provide for payment of Social Security.