Since I can remember, the Social Security Trust Fund has been going broke. Politicians tell us that we have to fix the system or payments to seniors will be in jeopardy. Social Security has taken in more money than it has paid out just about every year since inception. In 2009 alone, $121 billion more came in than went out. The fund balance is $2.5 trillion. Depending upon who you believe, there is enough money until 2035 -2045.
Some fund! There is not a penny held in any account. There is no return on the funds. The government spends the surplus each year. We are paid back our own money in the future with discounted dollars. Whenever the fund approaches a year where payments will exceed receipts, politicians usually start screaming for a revamp. This usually results in a tax increase of some sort.
What about paying us some interest on the fund balance. At 4% this would immediately add $100 billion to the fund. A simple fix, if only the payer had some change to spare.
Some fund! There is not a penny held in any account. There is no return on the funds. The government spends the surplus each year. We are paid back our own money in the future with discounted dollars. Whenever the fund approaches a year where payments will exceed receipts, politicians usually start screaming for a revamp. This usually results in a tax increase of some sort.
What about paying us some interest on the fund balance. At 4% this would immediately add $100 billion to the fund. A simple fix, if only the payer had some change to spare.
According to me, a mule is a domesticated, hybrid animal that results from crossing a female horse with a male donkey. A donkey is a domesticated ass. Donkeys are related to horses but have longer ears and a shorter mane. Mules can be useful for carrying supplies. Donkeys were featured in the Biblical story of Jesus Christ’s birth. Jesus was born in a manger in Nazareth (or maybe it was Bethlehem of Galilee, I think?). Mules are related to both horses and donkeys because they are made of both. Thank you. Have a good day.
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