I got my Social Security after doing 51 years.
My before tax payroll deductions from my earnings (which were matched by my employers) bought and paid for my meager retirement.
My benefit would be much larger if Lyndon Johnson and the Democrat party had not robbed the Social Security trust fund to create THE GREAT SOCIETY
@Educational enhancement time for me. Was this pillaging of the SS trust fund the FIRST TIME it was done? I really do not know. But if so, it set a very dangerous precedent.
Was this pillaging of the SS trust fund the FIRST TIME it was done? I really do not know. But if so, it set a very dangerous precedent.
I honestly do not know if LBJ was the first to raid the trust fund.
Hopefully those of us who visit and contribute to this Courier blog site can ////////////dig into that //////////and report our findings.
I honestly do not know if LBJ was the first, although I do know even with my minimal education that if the funds had been left invested, even at minimal returns, I would today be receiving almost double what I'm getting.
The SS "Trust Fund" has been ripped off for years. They never told WE THE PEOPLE when they started doing it - they just did it because they could.
I'm for changing the laws so that money taken from people in the form of taxes that is supposed to be specifically targeted, earmarked, or trust-funded for certain programs be UNTOUCHABLE except for the programs they were legislated to support. But our politicians would never do this, because then then would have to live within their means and have to pay for things they appropriate. Even if they did, they would probably eventually ignore those changes as well - just as Obama has ignored the provisions of his "signature legislation" when it became politically uncomfortable.
What we need is some HONESTY and RESPONSIBLITY in government. We don't have that any more in this country. Haven't had it for many years.
Here's a pretty good discussion of the Social Security "Trust Fund":
And here is another, longer discussion which is more detailed but probably more "correct." This discussion asserts that there never really was a "trust fund" - that it was all government PR to sell/maintain the Social Security program.
Which is more accurate - what the people have been led to believe or what actually exists deep in the weeds? Is perception not reality? If not, IMHO it should be - especially when THE GOVERNMENT creates that perception.
I will check out the links later and comment then.
In the meanwhile thanks to all for your consideration and commentary.