No wonder the Trump Admin wants to cut back SS and other things we paid for over our lifetimes. They want to raid the SS kitty to the max. It never occurred to them to give us who paid in all our lives a healthy COL raise. Every year our checks buy less yet everything goes up.
A can of mackerel that was .89 a only a few years ago is now over $3.00. Thanks to the tariffs avocados have almost doubled in price. Look at the price of breakfast cereals.
Does anyone in the Trump Admin give a crap for those not in the 1%? Those who don't have 6 figure incomes? The skyrocketing National debt?
Quote: "Some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need. Rather than stick this cash under a giant mattress, these agencies buy U.S. Treasurys with it.
By owning Treasurys, they transfer their excess cash to the general fund, where it is spent. Of course, one day they will redeem their Treasury notes for cash."