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Since 1937 Social Security has collected a substantial surplus

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vssmith Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 08:13 PM
Original message
Since 1937 Social Security has collected a substantial surplus
As of 2009 the SSA has collected $2,540,348,000,000 more than it has paid out.
In 2009 it collected $807,490,000,000 and paid out $685,801,000,000

The info can be found at: http://www.ssa.gov/history/tftable.html
Please note that the data in this table are in millions
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 08:15 PM
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1. Then who took OUR MONEY?
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LARED Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 08:17 PM
Response to Reply #1
4. Congress nt
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 08:19 PM
Response to Reply #1
5. The rich folks. nt
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 08:21 PM
Response to Reply #1
7. The wealthy
The commission was supposed to find a way to get the bottom 90% to pay for the trillions the wealthy have sucked out of our government revenue over the last 30 years.
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 08:33 PM
Response to Reply #1
8. Reagan took money to build up defense--IOU is there. Other
Members of Congress have "borrowed from SS" to cover
other Programs.
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MiniMe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 08:17 PM
Response to Original message
2. Yes, and the federal government has raided the fund
Borrowed the money for Treasury notes, which should be very secure. But W took care of that and they aren't so secure any more. W almost created an international panic when he called the TBills in SS "worthless pieces of paper".
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senseandsensibility Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 08:17 PM
Response to Original message
3. I wish everyone would rec this
and I wish I could hear about it somewhere besides DU. There seems to be a blackout on this info reaching the public. I wonder why.:sarcasm:
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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 08:21 PM
Response to Original message
6. The GOP has been after Soc Sec since its inception.
Stealing SS funds and then claiming we need deficit reduction is part of it.

Soc Sec is fine. They need to stop stealing from it and stop attacking it.

Soc Sec is not the problem. Military spending is.
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