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Reply #4: That cannot happen. That is not how it works..... [View All]

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suston96

(1000+ posts) Send PM | Profile | Ignore

Tue Apr-12-11 09:18 PM
Response to Original message

4. That cannot happen. That is not how it works.....

Social Security and Medicare and Social Security Disability Trust Funds are accounting designators. They are not cash!

There is no way Obama or Congress or anyone can "raid" those Trust Funds for any reason.

Go here:http://www.ssa.gov/OACT/ProgData/fundFAQ.html#n4

Monies collected are posted as inputs to the funds and then invested in Securities or paid out to recipients. When those securities are redeemed the cash becomes part of the Treasury cash balances.

Sorry, the question is not a valid one.

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