tag:blogger.com,1999:blog-5787456163408264808.post2283902817272736530..comments2023-09-18T08:25:37.125-05:00Comments on Both Parties Are NOT The Same!: Nobody Raided the Social Security Trust FundMiddle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5787456163408264808.post-66455288642128174332014-03-06T17:34:20.670-06:002014-03-06T17:34:20.670-06:00No, no new debt was created, as the SS Trust Fund ...No, no new debt was created, as the SS Trust Fund has been self-supporting for most of its existence, from its earliest years. Now, with the FICA reduction associated with the stimulus (which expired over a year ago), yes, debt was created to put the money that was not gathered due to the decrease in the FICA tax back into the SS Trust Fund. Other programs create debt, but not historically the SS system. Middle Mollyhttps://www.blogger.com/profile/11441441493867436577noreply@blogger.comtag:blogger.com,1999:blog-5787456163408264808.post-77055724989861134502013-03-17T15:33:09.522-05:002013-03-17T15:33:09.522-05:00Your article misses the point of what "Raided...Your article misses the point of what "Raided" means. The bonds in the SS trust fund are indeed worth their face value and are there to pay future benefits.<br />HOWEVER!!!!!<br />In order to put those Bonds into the social security trust fund, NEW DEBT was created and the surplus money in the social security trust fund, every single year, is swapped out for NEW DEBT.<br /><br />If the money taken out was then used to pay down existing debt, then no "raiding" would have occurred.<br />HOWEVER!!! The money taken out is then placed back into the general fund and is used at the discretion of the Congress. <br />Therefore, every single year that NEW debt replace cash in the SS trust fund, and the cash is not used to pay OLD DEBT outside of the fund, THAT IS RAIDING!!!!TomGhttps://www.blogger.com/profile/01565227882303986981noreply@blogger.com