Wednesday, July 19, 2017

Social Security is second to bond holders

Social Security is not funded by the federal budget.  It is paid for entirely by the people who will get the benefits.
The priority of the program is set by the bankruptcy protocol which Obama designed during the shutdown.  Interest charges paid first, SS  next, along with entitlements.

So, the correct answer is, social security is funded by those who get benefits, after they have paid their share of federal interest charges. The inclusion of social security in the bankruptcy memo mens, in the end, it goes spiralling with everything else.

No comments: