Senator admit that government stole Social Security money

Payroll Tax Cuts Seen by Some Obama Allies as Undermining Social Security

Senator Dick Durbin, the chamber’s second-ranking Democrat, also rejected the complaints. He said the government has been borrowing surplus Social Security revenue to pay for other programs, and promising to repay it later with other tax revenue, so the money has already been mixed.

The government has been borrowing (aka stealing) surplus social security revenue to pay for other programs (wars) and promising to repay it (right) with other tax revenue (which don't exist).

With deficits that go larger and larger... when will that money be repaid? NEVER... that's when.

reply to post by Vitchilo


That is the crazy thing, there is no such thing as surplus.
The system was designed to work in a vacuum, but the problem is...
There are too many suckers suckering the suckers.
Did that make sense?

This has been known for a long time.

SS was always it's own fund, outside of the general budget.

The Reagan Administration made it part of the general budget.

SS is much more successful than people realize, it nearly ALWAYS has a surplus, which is why they moved it to the general budget to use those funds.

So yeah, SS has been pillaged for nearly 30 years now. The reason they say it won't be solvent by 20xx (it varies depending on the source) is because they're using it for their own purposes.

Surviving family members do not get one cent of their parents SS money after they die. If your parents put in to SS for their whole lives, then die at 65 before even getting to their own money they put in, the gov't keeps it all and the family gets squat! THAT is wrong IMHO, it's the same thing as raiding someone's retirement account funds, because that is what SS is basically.

They got it all worked out though, because most of the baby boomers are dying off between 60 and 70, which is a lot of money the gov't will be keeping for their own use.

It wouldnt be so bad, if it would be spent for things America actually needs. But with the degree to which congress is bought off, its anyones guess how much out of every dollar is given to private companies because Americans and America need their services and how much goes to a company, because they own X congressmen.