2017 Social Security Trustees Report

Pay back what the government plundered from SS

jtdavis posted:

Pay back what the government plundered from SS

JT, either, you require a course in reading comprehension, or are completely clueless.  The article covered that.  

From the article above, "With employee/employer contributions, plus interest paid by the federal government for borrowing surplus funds, SSA can meet all obligations thru 2021."  The government is paying interest on the borrowed, not plundered, funds.  The US Treasury issued bonds for the borrowed funds and pays interest on the funds as stated.  As stated in the article,"After that, the Treasury bonds issued for borrowing the previous surpluses must be cashed in."

As stated, the combination of employee/employer contributions, plus above interest is sufficient to cover payments to annuitants thru 2021.  

After that, the Treasuries must be cashed in.  Those repayments will help cover the payments to annuitants thru 2034.  After that, the surplus, including interest on the surplus, will run out.  Then, payments to annuitants must be reduced by 25 percent. 

In short, JT, what you complain about is included in the article.  Please re-read and comprehend. 

jtdavis posted:

Pay back what the government plundered from SS

Plundering is OK if it's union funds. Right jt?

jtdavis posted:

Pay back what the government plundered from SS

They'll just tax your kids, grandkids, great-grandkids, etc. for buying votes now.