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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: Kenneth E. Phillipps who wrote (121562)4/26/2008 3:54:42 PM
From: TideGlider  Read Replies (1) of 173976
 
it didn't change. It didn't create a surplus or it would never need fixing. You cannot have a surplus in a closed system with unknown future obligations. All intake is to be used for future obligations. There is never a surplus, there is simply adequate funds for future distribution. Otherwise they would not need to increase the payroll tax yearly. I was paying the max every year for a very long time and with the match from the employer I was paying for one persons total benefit and a little more depending on when they retired. One on one doesn't work.

Secondly, don't claim Iraq lol The fund was robbed and always available to the general treasury. From the beginning it was a mess, but they never charged people so much as they do now.

You work and collect so you don't pay any now. You are just a shameful gravy train rider.

There should be no access to such a fund. It should be closed.
It is a poor system, even without the fact that the fund doesn't exist. It has for a very long time been a paper figure, an IOU.
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