Friday, August 14, 2015

Social Security Trust Fund Depleted

Once again Congress is considering siphoning off funds that should be saved for the old age benefit that was the original purpose when FDR had it enacted in 1935. This continued until 1956 when Ike was President. At that time part of the payroll tax was diverted to disability. That portion is within a year of drying up. In my opinion the original program has been scammed as millions have applied for disability and have been granted monthly checks similar in size to Social Security checks for the aged. To feed this never to be satisfied demand would be outrageous. This is just one more example of our government bending to pressure and not making common sense decisions. Jack B. Walters August 14, 2015

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