Question:

1. Is there a Social Security Trust Fund?

2. If so, does it contain cash and/or marketable assets?

What do you think?

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R Martin
Dallas, TX (Addison)

86 560SEL, 128K

1.Yes
2.See Link below

http://www.ssa.gov/oact/progdata/fundFAQ.html#n1

BUT,I do agree with Botnst,
You may not view the Emperor's (Congress's) Lack of Rainment(the Looting of the fund by the government for the last 30 years)
[If "The Fund" were restored all the missing money siphoned off The S.S. system would be FILTHY RICH!]

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'84 300SD sold
124.128

MUST NOT LOOK BEHIND CURTAIN!

Why would anyone want to hide it behind a curtain? Social security prevents poverty with greater efficiency than the private sector could ever achieve and it simultaneously funds other parts of the government. That's something to brag about, if you ask me.

"Social security" & "Trust" are contradicting terms !!

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Grumpy Old Diesel Owners Club group

I no longer question authority, I annoy authority. More effect, less effort....

1967 230-6 auto parts car. rust bucket.
1980 300D now parts car 800k miles
1984 300D 500k miles
1987 250td 160k miles English import
2001 jeep turbo diesel 130k miles
1998 jeep tdi ~ followed me home. Needs a turbo.
1968 Ford F750 truck. 6-354 diesel conversion.
Other toys ~J.D.,Cat & GM ~ mainly earth moving

Ask the 10's of millions of senior citizens that rely on social security and they'll tell you it's the most vital and trustworthy program ever created.

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Question Authority before it Questions you.

I'm one of them and it's great. So is the the Medicare that comes with it.
Folks from other countries shouldn't comment on stuff they know nothing about.

Ok, I have spent all of my 56 years in this country, where I was born. May I comment? I think it is a giant Ponzi scheme. Have you calculated out when you will have taken out all the money that was contributed by you and you employer? Even with interest? Then where is the money coming from? From the poor kids who contribute today. Most people will draw out more than was ever put in-even with interest. I consider SS and medicare to be among the most immoral actions the government has ever taken. Sure you love it. Everybody loves getting something for nothing. Only to give you more than you put in, the government has to take a gun and rob somebody else. What we need is an honest, actuarially sound system. I doubt we will get that from our government, regrettably.
Wow, that was a mouthful! But I really do feel strongly about this.

Amen. May I see your birth certificate, please?

Actuarially sound? Social security has been going for more than 70 years without missing a beat. With minor tweaks, it will go another 70. It has very low administrative costs and it kicks off money to fund other parts of the government. You don't call that sound?

And I don't know why you throw in Medicare. Social security and Medicare are entirely different cases.

Line item on my paystub. Same type of program. You still haven't said anything about getting out more than you put in. The money come sfrom somewhere.

Are you serious?!

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

I agree with BobK. Bernie Madoff was a light weight. Congress could have really schooled him on how to rip people off. SS has worked in the past because the population was growing, the economy was growing, and that's critical in order for Ponzi schemes to keep going. As soon as the money coming into the fund starts to dip, it all collapses.

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

Like many other countries lots of IOU slips was the prevailing thought. Just maybe not as bad in the united states.

You have to watch what other countries are actually doing for many reasons. Most have somewhat simular systems. Certainly there are varients but overall they seem to be funded simularily.

I suspect like Canada there is a limited amount of fine tuning allowed by politicians. The seniors voting block is so large and growing percentage wise. Some things are just political suicide to play around with too much. That in itself represents whatever security there is in the programs in my opinion.