MANY AMERICANS DO NOT KNOW ABOUT CONGRESS’ SQUANDERING OF OUR SOCIAL SECURITY TRUST FUND SAVINGS. (Per Christian Seniors Association) And the truth is, most politicians don’t want you, me and other taxpayers to know. So far, Congress has taken (stolen) more than $2.7 TRILLION of our Social Security savings and spent this money on other projects and programs having nothing to do with Social Security. Our government will take another $250 BILLION this year alone.
I LOOKED ON LINE BUT AM NOT VERY GOOD AT VERIFYING THIS. PERHAPS SOMEONE ELSE CAN CHECK IT OUT.
I REMEMBER reading about the Social Security Trust Fund being kept in a lock box, so to speak. And a few years ago the Govt. decided to use that money. It seems to me that I read that the Feds. bought the money in exchange for bonds or certificates or something, hopefully paying interest. Then when the FUND needs more money they put the money back in. So when they tell how much money is left, I would think they would be including all the money the Feds have borrowed. But I can’t find anymore on this.
I will write to Sen. Angus King, Sen. from Maine, and ask him about this.