Letters to the Editor
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How Has the Congress NOT Been Raiding Social Security?
The Congress has been using the money from the trust fund to pay for items that should be paid for by general taxation for many mnay years. They have been writing IOUs, but Bush has said "Well, there is no actual money there" as if it hadn't been taken by the government. If this isn't a raid on the social security trust fund, then I don't know what is. That money was taken from payrolls and paychecks, put into "trust" (a misnomer if ever there was one), to be used primarily to support the elderly when they retire. It is a regressive tax in that you dont get taxed above 75K or so. The elderly paid into it their whole lives. For the past couple of decades, the money has been spent as if it was general tax money, primarily for a bloated defense budget. How exactly is this not a raid? When are the IOUs going to be paid off?