No, but they'll keep printing money to pay the Social Security checks as long as older people vote. The threats have two purposes. One is to get us to vote one way or another, depending on whether you believe that the Democrats are going to bankrupt the Social Security system or that the Republicans are going to cut it. The second is that they would like to frighten us enough so that we agree to cuts, because that's more that they can spend on other things.
Ditto Yvonne, I don't think times have changed much. The rich have always gotten richer off the poor. I'm not talking about good and kind folks that have more money than I do. They worked for it, or maybe inherited some, I'm just saying they are not the "rich" I am talking about. I am talking about those that actually are robbing humanity to line their own greedy pockets. Many of them don't give a hoot about people, or anyone but themselves. Let alone care about older seniors that worked for their social security.
I agree Ken, mind-games, they are their fave techniques, or mind-manipulation. As I type this, it's hard to say who exactly "they" are, but I know "they" are pulling the strings, lol!
How many people paid into the system and never lived to collect it. Where did that money go? This is never discussed at the amount of people who die before retirement. They probably think if you die early than that is their money. Like a lottery ticket not claimed.
metoo Ken, I hope they get theirs, lol, and I'm sure if there's a hell, I'll be going there for hoping that But something tells me that hell is right here. Sorry to sound so negative, but I've been trying so hard to keep my head above water in this world, and tonight I have some damn, nagging ache in my chest. Probably gas. I sure hope so, LOL!
This I wouldn't doubt for a second. They sure aren't (there's that "they" again, lol) going to distribute it to their relatives. I've never heard of that right?
The money from the people who died without ever collecting it stays in the Fund...unless there is a widow it goes to, it also will go to the children of the deceased if they are under the age of either 16 or 18 and still in school...regular school not college. If there is no family it goes to then it is just recycled back into the Fund and used for others who will collect SS.
But isn't that printed money basically useless? What backs it? It used to be gold - not anymore. No matter what they lullaby us with about the economy, all you have to do is look around and see the tattered remains of the once-proud workforce. Prices keep going up (with a few temporary, manipulated exceptions such as gasoline) and the 9-to-5ers aren't seeing any spectacular raises. SS recipients don't see a COL increase. Yet the Monopoly money that they print pours into the system ...
Speaking of the "tattered remains of the workforce" ( a well-put statement, @Sifu Phil Bonifonte ); I was just reading this morning that if Bernie Sanders gets elected, he plans on eliminating the need for truck drivers. He says no more trucks on the roads ! This is certainly not going to sit well with all of the truck drivers in America, nore their families. Besides, how dies he think it will even work to send everything by train, they would still need a ways to get through the city and to all of the stores. Amazon may be perfecting the drone idea; but they don't carry that much weight in their deliveries. http://www.livetrucking.com/bernie-sander-says-hell-take-semis-off-the-road-if-elected/
I bet that decision was made after they "borrowed" all our interest! When they realized how much it was they were going to have to pay back...they also decided they better find a way around that. And since they haven't paid anything back...I guess they did!
http://www.federalreserve.gov/faqs/currency_12770.htm Is U.S. currency still backed by gold? Federal Reserve notes are not redeemable in gold, silver, or any other commodity. Federal Reserve notes have not been redeemable in gold since January 30, 1934, when the Congress amended Section 16 of the Federal Reserve Act to read: "The said [Federal Reserve] notes shall be obligations of the United States….They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." Federal Reserve notes have not been redeemable in silver since the 1960s. The Congress has specified that Federal Reserve Banks must hold collateral equal in value to the Federal Reserve notes that the Federal Reserve Bank puts in to circulation. This collateral is chiefly held in the form of U.S. Treasury, federal agency, and government-sponsored enterprise securities.
Nominally, there is a fund. But since dip into it without repaying what they've taken, with the interest that would have accumulated had it been left in the fund, there is no fund in reality.