The Social Security payroll tax hike of 1983 generated $2.7 trillion in surplus revenue. The surplus was supposed to be saved and invested in marketable U.S. Treasury bonds, which could later be resold to raise money with which to pay benefits to the baby boomers. If this had been done, Social Security would not have major financial problems today, and it would not be a major political issue.
But, none of the surplus revenue was invested in marketable Treasury bonds, or anything else. The money was all deposited directly into the general fund of the Treasury and spent by the government on such things as wars, tax cuts for the rich, and other government programs. Money can be spent or saved. If it is saved, it can also be invested. But money cannot be both spent and invested. Once money is spent, there is nothing left to invest. All of the $2.7 trillion of Social Security revenue was spent, and none of it was saved or invested.
You can read the rest @
http://dissidentvoice.org/2015/11/social-security-surplus-is-not-invested/
All elected and appointed officials and employees who were complicit in this theft of monies from the Trust Fund should be impeached and denied their pensions.
We The People have no government. The republic is dead.
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