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Never Trust the Trust Fund!

  • Broadcast in Politics
American Statesman

American Statesman


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** Never Trust the Trust Fund ** What is a “Trust Fund”? The elected elite have made a habit of robbing any and all so-called “Trust Funds”. Why are the elected allowed to rob the bank? ** Trust Fund ** “The trust is governed by the terms of the trust document, which is usually written and occasionally set out in deed form. It is also governed by local law. The trustee is obliged to administer the trust in accordance with both the terms of the trust document and the governing law.” Copied from http://en.wikipedia.org/wiki/Trust_law ** Social Security Trust Fund ** Social Security did not go broke – it was robbed? Time to stop robbing the Social Security Trust Fund and start paying back the money that was robbed. Then we'll discuss the real intent of Social Security aka “FICA”. Is Social Security the American Retirement plan? What is the real problem and solution for Social Security? “Social Security is a social insurance program that is funded through dedicated payroll taxes called Federal Insurance Contributions Act (FICA). Tax deposits are formally entrusted to the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, or the Federal Supplementary Medical Insurance Trust Fund” copied from http://en.wikipedia.org/wiki/Social_Security_%28United_States%29 Social Security and the Federal Budget http://www.socialsecurity.gov/history/BudgetTreatment.html ** Medicare Trust Fund ** Brief History of Medicare http://www.seniorjournal.com/NEWS/2000%20Files/Aug%2000/FTR-08-04-00MedCarHistry.htm The Evolution of Medicare http://www.ssa.gov/history/corning.html http://aging.senate.gov/crs/medicare14.pdf “Medicare is the nation’s health insurance program for persons age 65 and older and certain disabled persons. “Almost from its inception, the HI trust fund has faced a projected shortfall.”