View Single Post
  #62  
Old 11-29-2007, 12:19 PM
Moseley Moseley is offline
Senior Member
 
Join Date: Jun 2007
Posts: 394
Default Re: Understanding the Social Security scam

[ QUOTE ]
.....after thinking about this some, is that given all the possible things that could be done with the trust fund, the safest and most prudent course would be to lend the money out to the borrower with a minimal amount of default risk. That borrower happens to be the Unitied States government.

[/ QUOTE ]

Really? They have never paid back any of the national debt. We are running a 800b deficit and about 300b is coming from ss tax.
How is the govt going to continue running a deficit, while also coming up with the 300b they will no longer be able to get from the ss tax?

They are probably going to do it by not adjusting the alternative minimum tax, which was created decades ago to tax the rich, but due to inflation will be hitting close to have the taxpayers in a few years.
Reply With Quote