Will politicians steal Social Security’s $2.7 trillion?

You can fool nearly all the people...

Social Security is not in “trouble”, except that it has vast wealth in reserves, and politicians want to steal this treasure trove (designed only to insure future Social Security benefits), and use it for something else. That something would probably be tax cuts for the rich by the GOP, or more redistribution downward from the middle class to the poor by the Democrats.

SuttonWhen I combine Treasury Note rates, Cost of Living, Interest on the Social Security fund and the total reserves (in Millions) of the Trust Fund, the resulting Trust Fund Table  demonstrates the steady growth of these reserves from year to year – now exceeding $2.7 trillion total, invested in special Treasury notes.

The table also shows that reserves decreased from 1976 to 1983 (except a small increase in 1982), but since 1983, reserves have grown 1,000%. Every year since 1983 has registered more taxes (FICA) paid…

View original post 527 more words

Comments are closed.