Do you want to know how our Social Security system works? :Basically the ss trust fund uses the contributions to purchase special non-negotiable bonds from the US Treasury. Once the transaction is completed the treasury has the money and the trust fund has bonds. In effect, then congress and the treasury are borrowing from the ss trust fund and they use the contributions for anything and everything but paying the people who paid in all their lives. It looks like ALL the insurance you can purchase from the Affordable care act has a $5,000 deductible.....which is catastrophic insurance in essence. What a great deal! Someone please tell me I am wrong....because it sounds like the government will have another giant slush fund here to spend as they see fit....on everything but healthcare?
Posted on: Wed, 30 Oct 2013 02:40:24 +0000