Did George W Bush Finance The War on Iraq and War on Terror From Social...

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No. He put it on the Govenment's "Credit Card" (the National Debt). -Which we WILL have to pay off through higher Taxes- LONG after He's no longer President! :0
 
Where have you been for the past 50 years ? There is no such thing as a fund for Social Security alone. The monies collected are credited to the fund and the monies paid out are debited against that fund but there isn't a balance sitting somewhere just waiting to be distributed. Our Legislature took care of that long ago by using the funds to pay the people on dope,those who became teen aged pregnancies, those who never worked but received disability compensation, etc.Look it up and add borrowings by several administrations to the total.
 
No!

Now do something useful

Show your pride in America!

Vote For

McCain/Palin '08
 
Where have you been for the past 50 years ? There is no such thing as a fund for Social Security alone. The monies collected are credited to the fund and the monies paid out are debited against that fund but there isn't a balance sitting somewhere just waiting to be distributed. Our Legislature took care of that long ago by using the funds to pay the people on dope,those who became teen aged pregnancies, those who never worked but received disability compensation, etc.Look it up and add borrowings by several administrations to the total.
 
Where have you been for the past 50 years ? There is no such thing as a fund for Social Security alone. The monies collected are credited to the fund and the monies paid out are debited against that fund but there isn't a balance sitting somewhere just waiting to be distributed. Our Legislature took care of that long ago by using the funds to pay the people on dope,those who became teen aged pregnancies, those who never worked but received disability compensation, etc.Look it up and add borrowings by several administrations to the total.
 
No. The Democratic Congress of the 1960's Realized if they put the Social Security funds( which until that time were in there own separate Account. to be used only for Social Security) into the General Fund they could use use the money for whatever their greedy little hearts desired. Every since then Congress has dipped into the money like it was put there just for them. And by the way it did not matter which party was in power. They stole from it. Now with all the baby boomers who though their retirement was set are finding out there is no money. If it had of been left in the original fund their payments would have been earning interest and Would not have been left bankrupt.
 
In 2006 there was about 180 billion excess in Social Security taxes paid. That like all the preceding years was used by the general fund. Social Security taxes have always been in excess of benefits paid. Last year, even though Congress voted a 4.6% COLA, the amount of entitlements was only increased 2.3% ! The GOP decided that the adjustment was too expensive or that their costs increased at a greater rate, I am not sure which. However, medicare premiums were increased. Some Seniors saw little if any increase at all.
The unfunded war has also created the sale of an additional 500 billion in t-bills to the Chinese.
The current debt is now over 11 trillion and the interest alone is more than 500 billion a year for which we get nothing ! Unless you consider the long term occupation of a friendly nation a good result. Remember we helped Saddam get the power and keep it. It was our mis-signal that made him think he had the OK to invade Kuwait. He pulled back in face of the invasion quickly. But the costs there created the S&L crisis of 1991. This war situation and the previous George Bush seem to be mirror images of each other. Uncanny.
 
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