Redfish
Diamond Member
- Jan 29, 2013
- 48,354
- 10,782
- Thread starter
- #361
Are you serious?
Besides the fact that the money comes from the general fund which has a massive deficit? Is that what you folks call efficiency?
The money doesn't come from the general fund the money comes from payroll tax revenues and interest earned on those revenues.
You have fallen victim to a myth.
There is no interest earned on worthless IOUs, moron. The taxes all go into the general fund, and the payments all come out of the general fund.
No they don't. Payroll taxes are dedicated funds. They cannot be used for general fund expenditures unless they are borrowed, and thus pay interest.
wrong again.
How is Social Security Financed?
Social Security is financed through a dedicated payroll tax.
Social Security Administration How is Social Security financed
Now go ahead and prove that the SSA isn't telling the truth.
the money that is withheld from your paycheck for SS goes into the general fund. It is not put in a "SS only" account. SSA administers the payments using money transferred to them from the general fund.