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Old 11-29-2007, 12:27 PM
Moseley Moseley is offline
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Join Date: Jun 2007
Posts: 394
Default Re: Understanding the Social Security scam

[ QUOTE ]
How is this any different than the following?

I have two bank accounts, my savings and my "fun money" account. I spend half of my savings account on hookers and blow, but write an IOU from my fun money account to my savings account (plus a little interest).

[/ QUOTE ]

You are so silly.
We are talkin about two govt accounts: the general fund account, which we pay payroll taxes into. payroll taxes are progressive.

And we have a SS account: fueled by a flat tax and is only taxed on the first 97.5k you earn.

Now, if you stop and think for a minute, you should be able to conclude how taking money from the SS account and "loaning" it to the general fund, when you have no way to repay it without raising taxes, is unfair.

It should be a no brainer, if you consider the fact that congress is whining about the fact that come 2017, when the ss tax will be less than the benefits that have to be paid out, that they will have to come up with the difference to start paying back the 3 trillion the general fund owes to the SS Trust fund.
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