I keep hearing about Congress taking money out of the Social Security trust fund to pay for other things. Does that take an act of Congress, too? That is a serious question because I don't know. They wouldn't have to end it if they just drained the trust fund down to zero.
I keep hearing about Congress taking money out of the Social Security trust fund to pay for other things. Does that take an act of Congress, too? That is a serious question because I don't know. They wouldn't have to end it if they just drained the trust fund down to zero.
I do believe there is no way they can take money out of Social Security. Every American who’s held a job pays into social security. Social security is its “own” entity, separate from the US government. If they took the money to spend elsewhere this would constitute stealing.
I’m not a lawyer or affiliated with anything to do with this subject. I have been advised to be careful and not get sucked into all the drama. It’ll take you down the rabbit hole. Common sense is the route to take. I do know it would take an act of congress before any money would be removed. No congressmen in their right mind (right or left) would do such a thing. Common sense tells you this.
Thank you for the answer. I found on the web an explanation that says the fund was set up so that it cannot be used for anything else but excess funds each year are invested in government bonds which are used to pay for things that Congress approves so that may be where the misconception about Congress taking money out of the fund comes from. The thing that worries me, though, is that the trustees are four cabinet members and two public trustees. The public trustee positions have been vacant since 2015 so Trump will be appointing the four cabinet members and also possibly the two public trustees. Somehow, the notion of Trump appointing the trustees of my retirement funds does not give me a lot of confidence.
But thump wants the ability to choose NOT to spend monies that congress allocate. And NOT spending money may well be something this govt of otherwise DISorganized rightists might just be able to get together to do.
When George W Bush was in office he tried to privatize SS and it went over like a fart in church. It's the third rail of politics. My mother was alive at that time and she railed about how Republicans call SS and Medicare "entitlements" when they are earned benefits.
Yes, Matalena, but common sense is the one thing that is sorely missing in much of Congress. Like the corrupt section of the Supreme Court, the MAGA-compromised senators and representatives would probably sit on their hands and abstain from any vote against a motion that would keep Social Security intact. So much for an act of Congress. I very much wish I could trust the incoming government to work for the common good.
Congress has "borrowed" from the social security fund in the past. They should skip their raises and replace what they have stolen.
It seems as though this criminal organization will do whatever they want, and since they have control over MSM we won't even know about it until it's to late. Lucky, we have the Meidas resistance for now.
The Congress has taken money out of the Social Security Trust several times. The first time that I can remember was during the Vietnam War, but they have raided it several other times since. They have never made any attempt to restore the funds after raiding the proverbial cookie jar. That is just not right.
Also around the turn of the century the Republicans tried to privatize the Trust, but fortunately failed in that attempt. This is an example of the Republicans long term strategy much like the abortion ban. Having always been the smaller political party they want to disrupt the status quo of the Democrats and then lie and blame the Democrats for the economic woes. They work steadily on the long game.
I keep hearing about Congress taking money out of the Social Security trust fund to pay for other things. Does that take an act of Congress, too? That is a serious question because I don't know. They wouldn't have to end it if they just drained the trust fund down to zero.
I do believe there is no way they can take money out of Social Security. Every American who’s held a job pays into social security. Social security is its “own” entity, separate from the US government. If they took the money to spend elsewhere this would constitute stealing.
I’m not a lawyer or affiliated with anything to do with this subject. I have been advised to be careful and not get sucked into all the drama. It’ll take you down the rabbit hole. Common sense is the route to take. I do know it would take an act of congress before any money would be removed. No congressmen in their right mind (right or left) would do such a thing. Common sense tells you this.
Thank you for the answer. I found on the web an explanation that says the fund was set up so that it cannot be used for anything else but excess funds each year are invested in government bonds which are used to pay for things that Congress approves so that may be where the misconception about Congress taking money out of the fund comes from. The thing that worries me, though, is that the trustees are four cabinet members and two public trustees. The public trustee positions have been vacant since 2015 so Trump will be appointing the four cabinet members and also possibly the two public trustees. Somehow, the notion of Trump appointing the trustees of my retirement funds does not give me a lot of confidence.
But thump wants the ability to choose NOT to spend monies that congress allocate. And NOT spending money may well be something this govt of otherwise DISorganized rightists might just be able to get together to do.
.
If they removed any funds to do with what they want they cannot legally do this.
He will pardon his criminal accomplices.
When George W Bush was in office he tried to privatize SS and it went over like a fart in church. It's the third rail of politics. My mother was alive at that time and she railed about how Republicans call SS and Medicare "entitlements" when they are earned benefits.
Yes, Matalena, but common sense is the one thing that is sorely missing in much of Congress. Like the corrupt section of the Supreme Court, the MAGA-compromised senators and representatives would probably sit on their hands and abstain from any vote against a motion that would keep Social Security intact. So much for an act of Congress. I very much wish I could trust the incoming government to work for the common good.
Congress has "borrowed" from the social security fund in the past. They should skip their raises and replace what they have stolen.
It seems as though this criminal organization will do whatever they want, and since they have control over MSM we won't even know about it until it's to late. Lucky, we have the Meidas resistance for now.
The Congress has taken money out of the Social Security Trust several times. The first time that I can remember was during the Vietnam War, but they have raided it several other times since. They have never made any attempt to restore the funds after raiding the proverbial cookie jar. That is just not right.
Also around the turn of the century the Republicans tried to privatize the Trust, but fortunately failed in that attempt. This is an example of the Republicans long term strategy much like the abortion ban. Having always been the smaller political party they want to disrupt the status quo of the Democrats and then lie and blame the Democrats for the economic woes. They work steadily on the long game.