Here’s What the Government Did With Your Social Security Money

in #money8 years ago

   Fact: The Social Security trust fund has no money in it.   In 2014, the Social Security Administration (SSA) took in $786 billion  through the Federal Insurance Contributions Act tax… $73 billion short  of the $859 billion needed to pay claims.   In plain English, Social Security was in deficit mode.   By 2026, the SSA will run up a cumulative deficit of $1.6 trillion.   Wait… what about all the money you, I, and every other American has paid in since 1935?   How is that possible?   We’ve been told for decades the Social Security trust fund holds  trillions in assets (cumulative Social Security surplus revenues since  1935) that are collecting interest.   Particularly, at the end of 2014, we were told the trust fund owned over $2.8 trillion in assets.   This is a lie. There isn’t one dollar in the Social Security trust fund. Nada. Zip. Zilch. 

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I don't really expect to receive a dime from the state, too bad they really do expect me to give them all my sweat and work.

It was a ponzi scheme from start. It will end like a ponzi scheme. Grow a garden. Live out in the country with people you trust. Get some silver. Store some food. Anyone trusting the government for survival is up poo poo creek.

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