On Mon, 3 Aug 2015 21:30:50 -0500, Martin Eastburn
wrote:

The fund was sacked during or just after WWII. A long time ago.
Was never repaid as stated and they just kept spending and created the IRS.

Martin

There never was a fund. There never was any money in it. There was
nothing to repay. The Bureau of Internal Revenue was created in 1862.

--
Ed Huntress



On 8/3/2015 11:27 AM, Ed Huntress wrote:
On Mon, 3 Aug 2015 05:26:17 -0700 (PDT), "
wrote:

On Sunday, August 2, 2015 at 10:51:23 PM UTC-4, Ed Huntress wrote:

What "money" are you talking about? SS has ALWAYS been a "pay as you
go" program. There never was any money stored up like nuts for winter.

The "Trust fund" is an accounting device. There is not, and never was,
any actual money there.

--
Ed Huntress

But the trust fund was publicized as having money stored up in it.

I don't recall anyone ever telling me that. Anyone who followed the
extensive news coverage of the adjustments made in '83, or Greenspan's
controversial comments about it in the years since, would know better.