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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (44932)8/18/2010 3:38:45 PM
From: rich evans  Read Replies (1) of 71588
 
Tim,, What you say was codified into law under the Unified Budget Act of 1974. I think that when the so called trust fund is exhausted that FICA and regular taxes will have to pay SS. I do not know of any provision in the SS act which provides that payments would not be funded from the general fund. When you think about it, when the FICA collected is insufficient to pay the current SS, then general taxes will be paying regardless either by repaying the SS notes held or paying directly when the SS notes are exhausted. It matters not one whit as you say.
Rich
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