Posted 2 years ago on Oct. 26, 2018, 10:34 a.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
SS payroll is tax deducted from even the smallest paychecks to build the Social Security Trust Fund.
Congress and presidents borrow and spend the entire fund as fast as it accumulates. Therefore bought and paid for benefits must be paid from general tax revenues that Congress budgets each year with input and approval by the president.
Congress and president give tax cut almost exclusively to highest income entities. The deficit grows and Congress and president cut SS benefits paid for in advance mostly by the lowest income Americans.
In America, politicians rob the poor to further enrich the master class.
If you need proof of these conservative crimes you're a fucking moron!
"... 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..."