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Federal taxes - paid into the general fund
Social security taxes - paid into the general fund
Government spending - paid out of the general fund
Social Security payments - paid out of the general fund
Welfare payments - paid out of the general fund
I need to learn what again, Holmes? You seem to be the one with catching up to do
Wrong again!
The Social Security Administration collects payroll taxes and uses the money collected to pay Old-Age, Survivors, and Disability Insurance benefits by way of trust funds. When the program runs a surplus, the excess funds increase the value of the Trust Fund. At the end of 2014, the Trust Fund contained (or alternatively, was owed) $2.79 trillion, up $25 billion from 2013.
Amazing how when the Government spends FICA taxes as they come in the money is still in a trust fund. Poof!
It's not a TRUST FUND. It's a bunch of IOUs that people who will never get SS will pay via heavy tax burdens for their entire lives.
Then how are you saying it's not welfare if you admit you're paying zero for your own benefits?
Because it takes two people paying into the system to cover one person. Welfare is very different than SS..
Living below your means then means don't eat, don't buy clothes. Invest all of that teeny tiny paycheck.
What is Social Security? Is it a savings plan with a trust fund? A money grubbing welfare program? What do you say?
Please explain in a post and state your political views, left, right, libertarian, whatever
What is Social Security? Is it a savings plan with a trust fund? A money grubbing welfare program? What do you say?
Please explain in a post and state your political views, left, right, libertarian, whatever
You have to elucidate with which definition of 'welfare' are you using.
No, people pay into the SS trust fund, welfare is free money paid by the tax payers that only a small (well medium, portion under far left rule) can apply for and get.
You still have to apply for SS, but if you meet the requirements most likely you will get it.
The money is spent as it comes in. How do you pay someone from a trust fund with no money in it? All the Feds did is write down what they spent
What is Social Security? Is it a savings plan with a trust fund? A money grubbing welfare program? What do you say?
Please explain in a post and state your political views, left, right, libertarian, whatever
You have to elucidate with which definition of 'welfare' are you using.
Yes just like finding out what "is" stands for..
Silly far left drone!
No, people pay into the SS trust fund, welfare is free money paid by the tax payers that only a small (well medium, portion under far left rule) can apply for and get.
You still have to apply for SS, but if you meet the requirements most likely you will get it.
The money is spent as it comes in. How do you pay someone from a trust fund with no money in it? All the Feds did is write down what they spent
The money is spent as it comes in (not all of it, normally) so that the Trust Fund doesn't have to be drawn down. The Trust Fund grows every years mostly from the interest earned on its investment.
Only the extreme right kooks are for getting rid of it. Them and the one percent who don't need it.
What is Social Security? Is it a savings plan with a trust fund? A money grubbing welfare program? What do you say?
Please explain in a post and state your political views, left, right, libertarian, whatever
You have to elucidate with which definition of 'welfare' are you using.
Yes just like finding out what "is" stands for..
Silly far left drone!
Since you gave an answer to my question in your first post, what does that make you?
No, people pay into the SS trust fund, welfare is free money paid by the tax payers that only a small (well medium, portion under far left rule) can apply for and get.
You still have to apply for SS, but if you meet the requirements most likely you will get it.
The money is spent as it comes in. How do you pay someone from a trust fund with no money in it? All the Feds did is write down what they spent
The money is spent as it comes in (not all of it, normally) so that the Trust Fund doesn't have to be drawn down. The Trust Fund grows every years mostly from the interest earned on its investment.
No, people pay into the SS trust fund, welfare is free money paid by the tax payers that only a small (well medium, portion under far left rule) can apply for and get.
You still have to apply for SS, but if you meet the requirements most likely you will get it.
The money is spent as it comes in. How do you pay someone from a trust fund with no money in it? All the Feds did is write down what they spent
The money is spent as it comes in (not all of it, normally) so that the Trust Fund doesn't have to be drawn down. The Trust Fund grows every years mostly from the interest earned on its investment.
And the far left proves once again they do not understand SS..
Though it didn't start out that way, it has been a defacto welfare program since it's mockery of a trust fund was put on budget.
The whole mess is now just an inter-generational transfer payment theft scam.
No, people pay into the SS trust fund, welfare is free money paid by the tax payers that only a small (well medium, portion under far left rule) can apply for and get.
You still have to apply for SS, but if you meet the requirements most likely you will get it.
The money is spent as it comes in. How do you pay someone from a trust fund with no money in it? All the Feds did is write down what they spent
The money is spent as it comes in (not all of it, normally) so that the Trust Fund doesn't have to be drawn down. The Trust Fund grows every years mostly from the interest earned on its investment.
Trust fund? Can anyone show an account with an actual savings balance? Not just "IOU". Is the money set aside, into savings account?
No, people pay into the SS trust fund, welfare is free money paid by the tax payers that only a small (well medium, portion under far left rule) can apply for and get.
You still have to apply for SS, but if you meet the requirements most likely you will get it.
The money is spent as it comes in. How do you pay someone from a trust fund with no money in it? All the Feds did is write down what they spent
The money is spent as it comes in (not all of it, normally) so that the Trust Fund doesn't have to be drawn down. The Trust Fund grows every years mostly from the interest earned on its investment.
Trust fund? Can anyone show an account with an actual savings balance? Not just "IOU". Is the money set aside, into savings account?
Your savings account at the bank is an IOU. The bank doesn't hold your money in a shoebox somewhere and pay you interest out of their own pocket.
No, people pay into the SS trust fund, welfare is free money paid by the tax payers that only a small (well medium, portion under far left rule) can apply for and get.
You still have to apply for SS, but if you meet the requirements most likely you will get it.
The money is spent as it comes in. How do you pay someone from a trust fund with no money in it? All the Feds did is write down what they spent
The money is spent as it comes in (not all of it, normally) so that the Trust Fund doesn't have to be drawn down. The Trust Fund grows every years mostly from the interest earned on its investment.
And the far left proves once again they do not understand SS..
The Trust Fund currently earns about 100 billion in annual interest.
No, people pay into the SS trust fund, welfare is free money paid by the tax payers that only a small (well medium, portion under far left rule) can apply for and get.
You still have to apply for SS, but if you meet the requirements most likely you will get it.
The money is spent as it comes in. How do you pay someone from a trust fund with no money in it? All the Feds did is write down what they spent
The money is spent as it comes in (not all of it, normally) so that the Trust Fund doesn't have to be drawn down. The Trust Fund grows every years mostly from the interest earned on its investment.
Trust fund? Can anyone show an account with an actual savings balance? Not just "IOU". Is the money set aside, into savings account?
