On Feb 5, 4:31*pm, "John R. Carroll" wrote:


Yeah, it isn't even a drawer.
Somewhere on a computer there is a file recording movement od dollars from
column A to column B and back again.

--
John R. Carroll

You are absolutely correct, John. The FICA money goes directly to the
US Treasury via the IRS. Not a penny goes to the SSA. On the other
side, the SSA does not disburse a single penny. They tell the US
Treasury to disburse so much money to some recipient. All the SSA does
is keep records and print reports.

The FICA money used to purchase Treasury Notes is just a book keeping
system and nothing more, since Treasury also issues/sells the notes.
No money ever changes hands in the transaction, just changes account
numbers.

Paul