Ann Nelson The ONLY reason there is any kind of problem with SS is because you nasty Republicans stole funds from it which you have never returned to it. You Republicans are liars & robbers.
The above is from the Social Security Works Facebook page a decidedly not nonpartisan organization. This is only one of many similar posts. Yet, the page sponsor never bothers to correct the misinformation or even tell the truth.
Nobody, nobody stole Social Security funds. Since Social Security began, the use of tax receipts has been handled the same. They were invested in Treasury Bonds, bonds that today pay $98 billion annually in interest to the trust that allows 100% of earned benefits to be paid.
All incoming taxes are now used to pay benefits. There is no surplus money left to invest for the future. This has been the case since 2010.
The ONLY reason there is any problem with SS is because one Congress and one Administration after the other have failed to follow the Trustees urging to address the funding problems and either adjust taxes or the promised benefits.
Categories: Social Security