Originally Posted by JimN
Social Security isn't an expense, unless they're funding any part of it, which they aren't. They're distributing money that was contributed by people whose pay put them in the bracket that makes them "worthy" of doing so. Sure, they have management costs, but apparently, they use that to justify raiding it for a source of free money.
So, I guess the deficit is more like $2 Trillion dollars.
Yeah, Social Security was one of the biggest scams against the young every perpetrated. Every single penny that we contributed to the "Social Security Trust Fund" has been spent - every dime of Social Security expenditures that gets paid out over and above current payroll taxes comes from the general fund.