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Politics : A Real American President: Donald Trump -- Ignore unavailable to you. Want to Upgrade?

To: Woody_Nickels who wrote (129605)	4/1/2019 1:48:39 PM
From: sm1th	1 Recommendation Recommended By Woody_Nickels Respond to of 456319

By buying long term bonds, Congress would have still had use of the funds, without total confiscation with no return. SS surpluses have always been "invested" in US treasury bonds. Now that SS is paying more than it receives, it is cashing them in. It is still a Ponzi scheme. The funds to pay back those bonds comes from general tax revenues or from more borrowing.

To: Woody_Nickels who wrote (129605)	4/1/2019 3:10:10 PM
From: Honey_Bee	2 Recommendations Recommended By AJ Muckenfus locogringo Read Replies (1) \| Respond to of 456319

The federal government has stirred the pot so many times that it is clear how they can get away with calling Social Security an entitlement. There is no Social Security "trust fund" or specific investments made with money paid in. It all goes into the pot and is paid out. I think that what is confusing many is the difference between SSA and SSI. Again, like with Medicare and Medicaid, the jargon has mingled the two until the general public is clueless. (It's important to be aware that SSI is part of the SSA and thus logic says, it uses SSA money paid in by workers - who else would pay? ) Here is a brief explanation of how they made "immigrants" who never paid a dime eligible for our money: Q5. Which political party decided to start giving annuity payments to immigrants? A5. Neither immigrants nor anyone else is able to collect Social Security benefits without someone paying Social Security payroll taxes into the system. The conditions under which Social Security benefits are payable, and to whom, can be found in the pamphlets available on our website. The question confuses the Supplemental Security Income (SSI) program with Social Security. SSI is a federal welfare program and no contributions, from immigrants or citizens or anyone else, is required for eligibility. Under certain conditions, immigrants can qualify for SSI benefits. The SSI program was an initiative of the Nixon Administration and was signed into law by President Nixon on October 30, 1972. An explanation of the basics of Social Security, and the distinction between Social Security and SSI, can be found on the Social Security website. THE FACTS ABOUT SOCIAL SECURITY'S DISABILITY PROGRAM