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Microsoft Corporation Message Board

  • agolferbogie agolferbogie Nov 30, 2012 10:15 AM Flag

    S,S, does not add one penny to our debt per Sen Dick Durbin

     

    and it's benefits are locked up in a lock box per Al Gore.

    Even though the CBO said S.S. benefits began exceeding payroll tax revenue in 2010 and on pg 465 of the budget's "Anallytical Perspectives." is a chart showing that S.S. ran a deficity of $48 billion last year and is expected to reach $86.6 billion by 2015.

    Are the Democrats that good of liars or are their party members that gullible. If you just read the posts on this board alone, it shows how they get away with their lies.

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    • SS pays out benefits with SS taxes it receives and enjoyed excess money coming in since it's inception until recently when the elder population increased.
      The left over SS funds each year went to the general fund instead of investing it like any normal retirement fund would do for a rainy day.
      SS clears the books every year and starts anew but even if it's no longer taking in more than it's paying out each year there should easily be enough funds in the general fund to take up the slack, not taking in enough money very year is a temporary thing until the baby boomers die off.

 
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