Posted on Jun 30, 2019
Dow ends session higher, cements best June gain in 80 years ahead of Xi-Trump meeting
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Market trends during this period are great for investors. Imagine if Social Security had the same performance.
Dow ends session higher, cements best June gain in 80 years ahead of Xi-Trump meeting
Posted from marketwatch.com
Investing
Stock Market
Economy
Posted >1 y ago
Responses: 2
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What would Social Security invest? The Democrats robbed that Trust Fund several decades ago and the cupboard is bare
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LTC (Join to see)
Government confiscation of our property to hand out a paltry stipend is not an enumerated power of the Federal Government.
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LTC Eugene Chu
Social Security Bunk - Again - FactCheck.org
Here we go again: another phony and misleading claim that somebody is "robbing Social Security."
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SP5 Dennis Loberger
LTC Eugene Chu - You are correct. For almost 30 years Social Security collected more than it spent. In 1983 Congress decided that the excess was invested in special government bonds that pay a stated rate of interest and have to be repaid in full at maturity. Interestingly, Social Security wasn't taxed until Congress made it so, also in 1983. At that time, the Senate was controlled by Republicans, the House by Democrats and the White House by President Reagan.
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CPT Jack Durish
LTC Eugene Chu - Someone needs to fact check FactCheck. My claim has nothing to do with Feingold. It is based on the fact that looting the Social Security Trust Fund, moving its "excess" into the general fund began under the Administration of LBJ and the "unified budget" that allowed mixing of funds
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