Jon Stewart Calls Out Fox News' Hypocrisy Comparing Teachers, Wall Street (VIDEO)

No one "took SS from the independen­t trust fund and put into the general fund so that Congress could spend it." From the beginning of the trust fund, surpluses have been invested in United States Treasury bonds that pay market rates of interenst and are always redeemable at face value plus interest just like your savings bonds if you have any. The trust fund currently has accumulate­d 2.5 trillion dollars in it. Because the FICA tax was reduced by 2 cents on earnings, and the Bush recession, this year the trust fund will have to redeem bonds from the fund. The trust fund has been around for 75 years and has never been insolvent. There is no money in the trust fund, there are investment­s in bonds and notes that are used to pay benefits and the small expense of operating the system, less than 1%.



The trash above, submitted by buckeroo has been floating around the Internet for years and has been debunked by Factcheck.­org and Snopes.
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