When Social Security's sources of income exceed its expenses, the resultant surpluses must be loaned to the general fund of the U.S. Treasury. By law, the Treasury must pay this money back to the Social Security program with interest.[92] [93] [94]
* The money owed by the Treasury to the Social Security program is referred to as the "Social Security Trust Fund," and at the close of 2013, it had a balance of $2.8 trillion.[95]
* This $2.8 trillion debt that the Treasury owes to Social Security amounts to $8,885 for every person living in the U.S. or $22,574 for every household in the U.S.[96] (Facts about the ability of the Treasury to service this debt are detailed below in the section entitled Impact on National Debt.)
Bottom line is there is more than enough money to fund a dedicated SS administration, but the general government steals the excess in the name of a loan which they can't (or don't) pay back. An old accountant of mine told me this many years ago, but no one seems to get it. When the federal deficit is in the trillions of dollars, how can you pay back your debtors? And why are they borrowing from our retirement money to begin with?
What exactly are they protesting? Democracy? Trump soundly kicked Hillary in the box in this election.
These protests will calm down after a few days, these people typically don't have jobs, so they are just killing time. They'll get bored protesting and go back to their welfare pads
What exactly are they protesting? Democracy? Trump soundly kicked Hillary in the box in this election.
These protests will calm down after a few days, these people typically don't have jobs, so they are just killing time. They'll get bored protesting and go back to their welfare pads
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