Not even a nice try. I am so sick of that right wing bullshit. I earned my bennies. Do I get back more than I put in? Yeah, just like I used to earn interest in the bank . And yes, the government saved my money in big one account, along with yours, and my father's while he was still working, and loaned it to the government in another account, and is earning interest on it.
Is there a dollar that says "This is da Rat's"? Nope, but then I could say that about my bank and my 401K, too.
Government saves my money? No, invests my money; earned 4.4% last year. Loan it out for interest? Yeah; who keeps money under the mattress?
The 2011 Trustees Report Press Release stated:
- "Income including interest to the combined OASDI Trust Funds amounted to $805 billion in 2011. ($564 billion in net contributions, $24 billion from taxation of benefits, $114 billion in interest, and $103 billion in reimbursements from the General Fund of the Treasury—almost exclusively resulting from the 2011 payroll tax legislation.)
- Total expenditures from the combined OASDI Trust Funds amounted to $736 billion in 2011.
- Non-interest income fell below program costs in 2010 for the first time since 1983. Program costs are projected to exceed non-interest income throughout the remainder of the 75-year period.
- The assets of the combined OASDI Trust Funds increased by $69 billion in 2011 to a total of $2.7 trillion.
- During 2011, an estimated 158 million people had earnings covered by Social Security and paid payroll taxes.
- Social Security paid benefits of $725 billion in calendar year 2011. There were about 55 million beneficiaries at the end of the calendar year.
- The cost of $6.4 billion to administer the program in 2011 was 0.9 percent of total expenditures.
- The combined Trust Fund assets earned interest at an effective annual rate of 4.4 percent in 2011." [12]
- http://en.wikipedia.org/wiki/Social_Security_Trust_Fund#2011_activity_and_financial_status
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