CrusaderFrank
Diamond Member
- May 20, 2009
- 148,629
- 71,940
- 2,330
Obama recently had a Community Agitator moment. It seems he forgot he was POTUS and thought he was knocking on doors in Chicago to rile up the legions of Mindless zombies that make up the Dem Party when he said, “I cannot guarantee that those (Social Security) checks go out on Aug. 3 if we haven't resolved this issue”
But according to the SSA, we learn that the investments in the fund are redeemed to pay benefits
"If all the income is invested, how do benefits get paid each month? Money to cover expenditures (mainly benefit payments) from the trust funds comes from the redemption or sale of securities held by the trust funds. When "special-issue" securities are redeemed, interest is paid. In fact, the principal amount of special issues redeemed, plus the corresponding interest, is just enough to cover an expenditure."
Trust Fund FAQs
Why did Obama lie about the Trust Fund?
But according to the SSA, we learn that the investments in the fund are redeemed to pay benefits
"If all the income is invested, how do benefits get paid each month? Money to cover expenditures (mainly benefit payments) from the trust funds comes from the redemption or sale of securities held by the trust funds. When "special-issue" securities are redeemed, interest is paid. In fact, the principal amount of special issues redeemed, plus the corresponding interest, is just enough to cover an expenditure."
Trust Fund FAQs
Why did Obama lie about the Trust Fund?
Last edited: