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Biden is like the alcoholic stealing our milk money
to buy drinks for strangers at the local Bar.
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 |  All Boards  |  Current Events  |  Topic: Democ-RATS lie about social security ! 0 Members and 2 Guests are viewing this topic.
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Author Topic: Democ-RATS lie about social security !  (Read 460 times)
Oz
Sr. Member

Posts: 27517
« Reply #12 on: 07 15, 11, 12:54:27:PM » Reply
dan:  The premiums are kept in a trust fund, just like insurance companies keep their reserves to pay claims...

Bob:  No, Snopes says most of it is NOT true.


 
 
Oz
Sr. Member

Posts: 27517
« Reply #13 on: 07 15, 11, 01:44:45:PM » Reply
To clarify:  No, not all the premiums go into the trust fund.  Some go into the Social Security operating fund, and are used to pay current retirees.
 
Excess funds (not needed to pay current retirees) are put in the Trust Fund.
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 |  All Boards  |  Current Events  |  Topic: Democ-RATS lie about social security !
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