WHY SENIORS ARE LOSING MORE BENEFITS............

The biggest factor of why Seniors are losing more and more benefits:  The US Treasury is not paying back $3 trillion to the Social Security Trust Funds!

$3 trillion = $3,000,000,000,000

 

Surely, this is one bipartisan  issue that unites all..... liberals and conservatives.  Please see link below.

 

Seniors are losing benefits because Washington is not paying back its debt to the Trust Funds.  This has nothing to do with "entitlements" or "illegal aliens".....These are scapegoats or red herrings.....It's about government borrowing money and not wanting to pay it back. By the way,  China holds $1.2 trillion of US debt, or about 1/3 of what Social Security holds.

 

Understand:  Social Security will NOT go bankrupt in 2021......It still will hold over $3 trillion.....The U.S. Treasury will have to start paying back the $3 trillion it "borrowed"....This is the problem.....NOT Bankruptcy.

Subj: Social Security's Explosive Injustices

Worse still: Wage and salary earners had to pay excess payroll taxes for the last several decades. Washington taxed more than was needed to pay benefits to eligible Social Security recipients. Excess payroll tax collections were deposited into Social Security "trust funds" - now almost $3 trillion in size. The trust funds lent the excess to the US Treasury; they get interest on those loans. Social Security thus has two income sources: payroll taxes plus that interest. The US Treasury spent all its loans from Social Security on Washington's usual expenditures. By 2021, Social Security payments to the growing over-65 population will likely exceed the system's inflow of payroll taxes plus interest. Then the US Treasury will have to pay back to Social Security the trillions it borrowed.  Click on link below... 

Social Security's Explosive Injustices  

 

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