BoatBanter.com - View Single Post

Alex[_6_]

Mr. Luddite wrote:
On 1/26/2016 12:48 PM, wrote:
On Tue, 26 Jan 2016 11:35:50 -0600, amdx wrote:

FICA payments are for a disability and retirement program and not
considered a tax for my test.

That might have been true before 1968 when LBJ put SS "on budget" but
now SS is just another "entitlement" program and your FICA money gets
dumped into the general fund. That was great when there was a surplus
and they could use it to hide the cost of the Vietnam war but now it
is just demonstrating what a ponzi scam SS is.
The politicians who say SS is not adding a dime to the debt are just
stupid or lying.
When the number of young voters exceeds the number of older voters, I
expect to see a big change in SS but kids just don't vote.
(at least not so far)

I thought it was still allowed that only "surplus" SS funds can be
transferred to the general fund. Has that changed?

They need a gigantic "lock box".