[blahblahblah]

However, technically, neither OASDI nor Medicare taxes go directly into the general fund. Both go into their separate trusts, which, by law, can only be invested in non-negotiable special issue US government securities. So the old canard that the goverment is “raiding” the trust funds is just that.

This is true, however the cash collected in those taxes ends up in the general fund. From the Social Security Administration website FAQ:

“Tax income is deposited on a daily basis and is invested in “special-issue” securities. The cash exchanged for the securities goes into the general fund of the Treasury and is indistinguishable from other cash in the general fund.”

So yes, the social security and medicare trust funds get special issue securities that the US government is obligated to make good on, however they are constantly claiming that they won’t be able to make good on these and that they’re going to have to lower benefits or even cancel the program because it’s unsustainable. Why is it unsustainable? Because they are wasting the money on wars, welfare, and bridges to nowhere. What would happen to a private insurance company that squandered its premium money? They could be sued and some of their executives might wind up in handcuffs. Yet when this is done by our government we all just accept it.

[blahblahblah]

However, technically, neither OASDI nor Medicare taxes go directly into the general fund. Both go into their separate trusts, which, by law, can only be invested in non-negotiable special issue US government securities. So the old canard that the goverment is “raiding” the trust funds is just that.

This is true, however the cash collected in those taxes ends up in the general fund. From the Social Security Administration website FAQ:

“Tax income is deposited on a daily basis and is invested in “special-issue” securities. The cash exchanged for the securities goes into the general fund of the Treasury and is indistinguishable from other cash in the general fund.”

So yes, the social security and medicare trust funds get special issue securities that the US government is obligated to make good on, however they are constantly claiming that they won’t be able to make good on these and that they’re going to have to lower benefits or even cancel the program because it’s unsustainable. Why is it unsustainable? Because they are wasting the money on wars, welfare, and bridges to nowhere. What would happen to a private insurance company that squandered its premium money? They could be sued and some of their executives might wind up in handcuffs. Yet when this is done by our government we all just accept it.

[blahblahblah]

The money transfer from your salary to fund Medicare is not broken out separately.

Wrong. Look on the back of your paycheck, you should see both SSDI and MDCR. SSDI taxes combined employer/employee are 12.4% of gross up to the SS limit of $102000. MDCR combined employer/employee is 2.9% of gross up to the SS limit. So the amounts are deducted separately.

However all of this goes into the general fund and can be used to build bridges to nowhere. buy a welfare queen a Cadillac, or bomb goatherders in places that 99% of Americans can’t find on a map.

[blahblahblah]

The money transfer from your salary to fund Medicare is not broken out separately.

Wrong. Look on the back of your paycheck, you should see both SSDI and MDCR. SSDI taxes combined employer/employee are 12.4% of gross up to the SS limit of $102000. MDCR combined employer/employee is 2.9% of gross up to the SS limit. So the amounts are deducted separately.

However all of this goes into the general fund and can be used to build bridges to nowhere. buy a welfare queen a Cadillac, or bomb goatherders in places that 99% of Americans can’t find on a map.

[blahblahblah]

The money transfer from your salary to fund Medicare is not broken out separately.

Wrong. Look on the back of your paycheck, you should see both SSDI and MDCR. SSDI taxes combined employer/employee are 12.4% of gross up to the SS limit of $102000. MDCR combined employer/employee is 2.9% of gross up to the SS limit. So the amounts are deducted separately.

However all of this goes into the general fund and can be used to build bridges to nowhere. buy a welfare queen a Cadillac, or bomb goatherders in places that 99% of Americans can’t find on a map.

[blahblahblah]

The money transfer from your salary to fund Medicare is not broken out separately.

Wrong. Look on the back of your paycheck, you should see both SSDI and MDCR. SSDI taxes combined employer/employee are 12.4% of gross up to the SS limit of $102000. MDCR combined employer/employee is 2.9% of gross up to the SS limit. So the amounts are deducted separately.

However all of this goes into the general fund and can be used to build bridges to nowhere. buy a welfare queen a Cadillac, or bomb goatherders in places that 99% of Americans can’t find on a map.

[blahblahblah]

The money transfer from your salary to fund Medicare is not broken out separately.

Wrong. Look on the back of your paycheck, you should see both SSDI and MDCR. SSDI taxes combined employer/employee are 12.4% of gross up to the SS limit of $102000. MDCR combined employer/employee is 2.9% of gross up to the SS limit. So the amounts are deducted separately.

However all of this goes into the general fund and can be used to build bridges to nowhere. buy a welfare queen a Cadillac, or bomb goatherders in places that 99% of Americans can’t find on a map.

[blahblahblah]

No matter what happens, the govt is ultimately going to have to be the secondary market for quite awhile because the market will crash if it was gone.

The Federal Reserve is not part of the US government, it is a private bank. The chairman (appointed by the president and confirmed by the senate for a 4 year term) is only one of seven members of the Board of Governors.

[blahblahblah]

No matter what happens, the govt is ultimately going to have to be the secondary market for quite awhile because the market will crash if it was gone.

The Federal Reserve is not part of the US government, it is a private bank. The chairman (appointed by the president and confirmed by the senate for a 4 year term) is only one of seven members of the Board of Governors.

[blahblahblah]

No matter what happens, the govt is ultimately going to have to be the secondary market for quite awhile because the market will crash if it was gone.

The Federal Reserve is not part of the US government, it is a private bank. The chairman (appointed by the president and confirmed by the senate for a 4 year term) is only one of seven members of the Board of Governors.

[blahblahblah]

No matter what happens, the govt is ultimately going to have to be the secondary market for quite awhile because the market will crash if it was gone.

The Federal Reserve is not part of the US government, it is a private bank. The chairman (appointed by the president and confirmed by the senate for a 4 year term) is only one of seven members of the Board of Governors.

[blahblahblah]

No matter what happens, the govt is ultimately going to have to be the secondary market for quite awhile because the market will crash if it was gone.

The Federal Reserve is not part of the US government, it is a private bank. The chairman (appointed by the president and confirmed by the senate for a 4 year term) is only one of seven members of the Board of Governors.

[blahblahblah]

Never forget the first commandment on the Georgia Guidestones — “Maintain humanity under 500,000,000 in perpetual balance with nature.”

Only about 6.2 billion to go. Don’t forget to take your flu shots!

[blahblahblah]

Never forget the first commandment on the Georgia Guidestones — “Maintain humanity under 500,000,000 in perpetual balance with nature.”

Only about 6.2 billion to go. Don’t forget to take your flu shots!

[blahblahblah]

Never forget the first commandment on the Georgia Guidestones — “Maintain humanity under 500,000,000 in perpetual balance with nature.”

Only about 6.2 billion to go. Don’t forget to take your flu shots!

[Author]

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