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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (136080)	8/22/2013 2:55:52 PM
From: tejek	Respond to of 149317

If somebody else wants to go down that rat hole of ignorance, feel welcome. Yeah, I'm not up to it either. Next.

To: Road Walker who wrote (136080)	8/22/2013 3:13:13 PM
From: one_less	Read Replies (1) \| Respond to of 149317

The government spent that SS a long time ago. People are paying your SS who will never get it, you are on their backs. There has been no course correction, on the current course SS is due to run out of money in the mid 2030s. That means people in their 20s, 30s, and 40's paying in now, so that you can collect will not be collecting from that fund. It would require another fund (like from taxes which would be increasing the national debt). The money you paid in was spent long ago to support the elderly and disabled of another time. The money you will be spending is on the backs of people currently working, who will not benefit. I guess you don't understand things like Treasury Bonds. Currency. Mortgages. Annuities. All debt. Sure I do. Debt is something being spent now that must be paid later (in this case by somebody else). The Treasury Department hasn't had to borrow as much from the public because of Social Security. Redeeming Treasury Bonds to pay your expenses will force the Treasury to borrow more money from the public in the future.