The surplus Social Security revenue, generated by the 1983 payroll tax hike, was supposed to be saved and invested in marketable U.S. Treasury bonds. If that had been done, the trust fund would today hold $2.8 trillion in “good-as-gold” marketable U.S. Treasury bonds. But, none of the surplus Social Security revenue was saved or invested in anything. Instead, all of the money was deposited directly into the general fund and used for such things as wars, tax cuts, and other government programs.
You can read the rest @
http://dissidentvoice.org/2016/03/social-security-surplus-is-not-invested-in-government-bonds/
A government which steals from its seniors to support wars is not worthy of our continued support.
So, why are we putting up with this crap?
No comments:
Post a Comment