1/4 of American kids on food stamps! USA a-ok?

[Kasz216]

sethnintendo said:

Kasz216 said:

sethnintendo said:

Kasz216 said:

NiKKoM said:

Max King of the Wild said:

 

 

 

Isn't the government taking money out of the social security fund the main reason why it will collapse sooner?

"Social Security status-quo defenders have assured us for the past 25 years that Social Security is fully funded—for the next 25 years, or 2036.  So if there are real assets in the Social Security Trust Fund—$2.6 trillion allegedly—then how could failure to reach a debt-ceiling agreement possibly threaten seniors’ Social Security checks?

The answer is that the federal government has borrowed all of that trust fund money and spent it, exactly as Krauthammer asserted.  And the only way the trust fund can get some cash to pay Social Security benefits is if the federal government draws it from general revenues or borrows the money—which, of course, it can’t do because of the debt ceiling."

http://www.forbes.com/sites/merrillmatthews/2011/07/13/what-happened-to-the-2-6-trillion-social-security-trust-fund/

Yes and no.  It wasn't that the government took money out of the social security fund so much as it never put the money in the fund in the first place.   Instead it was all used to buy government bonds which is all it was alowed to do by law.   Which is exacty like me buying IOU's from myself to fund my retirment fund.

It's completely moronic.

 

If we didn't have people refusing to allow change in social security for decades we could of did what every other country who has such a pension fund does.   We could of put that money in assets and stocks, and run a spurplus eaisly, as even during the GFC countries like Denmark made profits in the stock market.

Some reason this popped into my brain after reading your response.

Not sure if the stock market is the best place to put money. We get a crash every decade.

That i'd say isn't wholey inaccurate.... sadly.