There is a surplus - it is now about $2.5 trillion. That's how Social Security is covering the gap between revenue and benefits payments - by drawing down from that surplus (aka the Trust Fund)
The fights begin at 5 pm. WeatherUnderground sez...
The law calls it an entitlement. "...shall be entitled to an old-age insurance benefit ..."
www.ssa.gov/OP_Home/ssac...
It IS an entitled and that's a GOOD THING. In the context of federal budget policy, entitlement is synonymous with mandatory. MUST BE PAID. Not subject to the annual discretionary appropriations process.
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It IS an entitlement. That's a GOOD THING. In the context of federal budget policy, entitlement is synonymous with mandatory. MUST BE PAID. Not subject to the annual discretionary appropriations proces.
How is it possible that there isn't a single Miles Taylor in this White House?
It IS an entitlement. WE ARE ENTITLED BY LAW. "...shall be entitled to an old-age insurance benefit ..."
www.ssa.gov/OP_Home/ssac...
Social Security absolutely does add to the debt. Any excess funds must be invested in Treasury bonds. The Treasury has to pay the principal back to Social Security with interest.
I don't normally endorse products but I had to take a cough suppressent yesterday for my MRI.
Delsum really works and it doesn't make you sleepy.
