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Tag Archive for ‘FICA’

Federal Reserve is now big part of National Debt for bailing out banks; Social Security $$ not owed to us?

What government pretends to owe… The Social Security Trust Fund of some $2.8 trillion is often listed in charts – such as the one above – as part of the National Debt. This particular graphic, the latest available, is from the Federal Reserve, an institution that is part of the huge debt and is owed $2.465 trillion by taxpayers. The difference between the Social Security “debt” and the Fed debt […]

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Primary debates hide questions on Social Security! If we knew their actual plans, nearly all would lose

Republican candidates for President have avoided using the Primary debates to explain their plans for Social Security. Exceptions include Chris Christie, who saw his ratings collapse after publicly urging that the retirement age be hiked, and Donald Trump, who said he would not cut benefits. Ben Carson has not settled yet on a stance, except to remind us that life expectancy has increased. As a doctor, he must realize that […]

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