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Tag Archive for ‘trust fund’

If we treat the military budget like Social Security, our Army will consist of only one “Mad Dog” and 3 puppies

The Social Security Trust Fund now totals $2,892,000,000  – just about the highest amount in history, and some scolds are still sad. To promote their austerity charade, the front groups of the Koch Brothers (descendants of the co-founder of the John Birch Society) just released their attack dog, John Stossel. J. S. rants on FOX News about silly things, even suggesting everyone should save some 20% of their wages for […]

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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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Will politicians steal Social Security’s $2.7 trillion?

Social Security is not in “trouble”, except that it has vast wealth in reserves, and politicians want to steal this treasure trove (designed only to insure future Social Security benefits), and use it for something else. That something would probably be tax cuts for the rich by the GOP, or more redistribution downward from the middle class to the poor by the Democrats. When I combine Treasury Note rates, Cost […]

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