Someone Once Posted Here

[Sub Atomic]

about how to withdraw all of your Social Security funds from the system, but I cannot, for the life of me, remember whom or when.

Does anyone have information on how to reclaim the SS funds you have paid in over the years?

I figure if the monkey is going to take my money and run, then I want the chance to take it back first.

[PSU84]

1. Impossible.

Cannot be done under any circumstances.

The money is not sitting in an account with your name on it. Social Security taxes are used to fund the day to day running of the government. Your annual SS statement is merely a record of the taxes you have paid. They are not "deposits." They are taxes and the money is gone.

The Social Security Trust fund owns nothing but government bonds. There is no cash in it. None.

[The_Casual_Observer]

2. Well, sort of. Social Security payments of todays workers

Pay for the checks written to todays retirees. It has been this way since the beginning. A change to the system of paying in would by definition mean a change to the system of paying out. I don't believe that chimp & co have really thought any of this through very carefully. However he did make a point of saying he would "protect social security for seniors". The subtle "seniors" caveat might mean he would make changes affecting future seniors, and somehow borrow the money to sustain the SS payments for those that are now 67 & older.

[Sub Atomic]

5. quote of the year:

"I don't believe that chimp & co have really thought any of this through very carefully"


Can you tell me one thing that they have actually thought through carefully except how to fuck over the US and steal another election?

[11 Bravo]

8. Ya beat me to it!

n/t

[PSU84]

6. more than "sort of"

The excess of SS tax collections over SS payments is used to buy Treasury bonds. The Treasury spends that money just as if it were from income taxes or borrowed through auctions of bonds to the public. Every dollar of Social Security tax revenue is spent in the year it is collected, either for SS benefits or for general government operations. EVERY dollar.

[DemocratSinceBirth]

3. i was thinking the same thing (nt)

[ComerPerro]

4. Get really rich, and vote Republican

Bush will not only give you all of your SS money, but he will give you the SS money of thirty or forty other people.

[Zookeeper]

7. Part of BushCo's agenda is to raise the retirement age...

to 70, for people who are currently under the age of 50. x(