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Federal gov't to withdraw funds from your retirement account


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Victory Trader's Avatar
 Victory Trader 
LA, California, USA
 
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You trusted the government with your money.
They promised to hold it until you retired.
But now Democrats AND Republicans are fixing to raid it.

MAKE NO MISTAKE ABOUT IT, SOCIAL SECURITY IS YOUR MONEY!

The Politicians Took Your Money and Told You They Were Saving It
In The Social Security Trust Fund

The Social Security Trust Fund Is YOUR PERSONAL ACCOUNT
and now they want to raid it

Federal gov’t to withdraw funds from your retirement account | _


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  #2 (permalink)
 
Victory Trader's Avatar
 Victory Trader 
LA, California, USA
 
Experience: Intermediate
Platform: NinjaTrader
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CONFIRMED AT LAST: CONFIRMED AT LAST: The Attempted Cover-Up Of How JP Morgan TorpedoedLehman - Home - The Daily Bail


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 traderwerks   is a Vendor
 
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Victory Trader View Post
You trusted the government with your money.
They promised to hold it until you retired.
But now Democrats AND Republicans are fixing to raid it.

MAKE NO MISTAKE ABOUT IT, SOCIAL SECURITY IS YOUR MONEY!

The Politicians Took Your Money and Told You They Were Saving It
In The Social Security Trust Fund

The Social Security Trust Fund Is YOUR PERSONAL ACCOUNT
and now they want to raid it

The linked article is sooo wrong. First, social security is NOT your personal account. Never has been a personal account, that is your IRA.

The money was never saved, and no one ever said it would be saved. The money you have put in with payroll taxes has already been spent on current social security recipients.

Second, the Social Security "Trust Fund" can only invest in one thing, special bonds from the Treasury that cannot be sold to anyone other than the treasury. So when those bonds have to be redeemed, the treasury has to pay for them via the Federal government with increased taxes, decreased spending or increased borrowing.

Social Security Trust Fund


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