Social Security Trust Fund is Empty Because It was Raided

The Social Security Trust Fund
Guess what. All those Social Security Taxes that were supposed to go into the Social Security Trust Fund to prepare for the day draws on the system exceeded contributions HAVE BEEN SPENT! The federal government borrowed and spent them and now Congress DOES NOT want to pay them back.

According to NPR, the tipping point has arrived - 4 years before anticipated - and demands will now be made on the general fund to make up the difference. [Click on this post's title for the story.]

The 2 percent decrease in employee contributions since the Obama/McConnell tax bill became effective was NOT mentioned as a contributing factor in the premature arrival of this day.

Our elected officials appropriated these funds from the people they represented. In addition to borrowing trillions from foreign countries, they borrowed the entire Social Security Trust Fund. Referring to the debt they owe the American people as an "unfunded entitlement," they are taking it a lot less seriously than the debts they owe China, Saudi Arabia and other domestic and foreign institutions.

So when politicians begin talking about the need to cut into "unfunded entitlements like Social Security" they are blithely IGNORING the TRILLIONS of dollars that should be bolstering up the system but instead disappeared in the frenzy of spending on two wars and tax cuts we could not afford.

If we let them use this spin to dismantle/cripple Social Security, we will finally be actively complicit in our own destruction.