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<blockquote data-quote="vantexan" data-source="post: 5862713" data-attributes="member: 24302"><p>Actually there are treasury bonds paying interest in the Social Security trust fund. Congress is required by law to purchase the bonds with the Social Security taxes. That's how they use the collected taxes for other purposes. </p><p> The fund will be exhausted by anywhere from 2030 to 2034. At that point they'll still pay at least 75% of your promised benefit from payroll taxes and employer matching funds. The Social Security is broke rumor isn't accurate but it's a widespread belief.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5862713, member: 24302"] Actually there are treasury bonds paying interest in the Social Security trust fund. Congress is required by law to purchase the bonds with the Social Security taxes. That's how they use the collected taxes for other purposes. The fund will be exhausted by anywhere from 2030 to 2034. At that point they'll still pay at least 75% of your promised benefit from payroll taxes and employer matching funds. The Social Security is broke rumor isn't accurate but it's a widespread belief. [/QUOTE]
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