Liberal Forum

Fuelman » 23 Mar 2025, 1:45 pm » wrote: ↑

23 Mar 2025, 1:45 pm

The SS Trust fund only makes about $70 million in interest on those securities, ( 2.3% average) ,where do you think the other $1.5 trillion comes from? 

Sure, your payroll taxes are deposited into those government bonds and then the majority of those funds are paid out the next month to someone actually receiving SS.

Bottom line, it's not the same dollar.

The trust fund is solvent through 2035 with no action taken, and would then be forced to pay only 83% of benefits - if no remediation occurs. And this is in spite of a criminally low return that doesn't even pace inflation. Workers should be asking why the **** SS bonds receive a lower return than other investment bonds. There's your **** skunk - not the 300 year old ghost recipients that do not exist and are pure campfire fiction invented by Trump and Elon.

Throughout the boomer years, SS took in WAY more than it paid out. The boomers retiring reversed that - which is expected. Now it is paying out - from its bonds - more than it is taking in. 

You understand this process perfectly as applied to your other retirement savings. Why is it difficult to understand it with SS? 

Even if you were right that current workers are funding the retirement of yesterday's workers, the manner in which you present that information is extremely strange. If it were true, it would be an outrage. Where the **** did the money go? This would be the crime of the century. Where did those trillions of dollars go?
 
 And for the record, income FROM the bonds is not what retirees were told to count on. It is the bonds themselves.