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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: Farmboy who wrote (13190)3/20/2012 10:11:41 PM
From: TimF  Read Replies (1) | Respond to of 85487
 
True, it's a constant practice now.

Not just now*, from the moment there was any SS "surplus". Anytime SS taxes have brought in more than SS spending, the difference has been spent on other things, not saved somewhere.

* Actually when I think of it, it isn't happening now, since we are running a SS "deficit" **, so all the money from SS taxes (+ some more) goes to make SS payments.

** both surplus and deficit in quotes because the only real surplus or deficit is for the whole government, having a tax called the social security tax doesn't mean SS is somehow free, the tax is just how we pay for it (or now most of it)