Quote:
Originally Posted by donquixote99
My main irritation with Social Security is that both parties have continued the lie that SS taxes create a SS fund when they never have. But Reagan is the biggest offender in that he pushed through the largest SS tax increase with the lying promise that the money would make the program secure. What the money did, of course, was help with the huge deficit he had going.
Both parties also lie all the time and accuse the other of 'raiding' the trust fund. There has never, from the first day of the program on, been a real trust fund to raid. There's a more technical question, of course, as to whether a government with a permanent debt and a virtually-permanent deficit can or should in any way have funds of savings....
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If we're playing the blame the President game I'll go back to that great friend of the common man, FDR. SS has been a pay as you go social welfare program from the start.
It's a federal government trust fund. How much trust does any Congress deserve?