During the 2nd, and final debate between President Trump and former Vice President Biden, Joe Biden tried to throw Trump under the bus for his current financial relief policy of not collecting payroll taxes from workers.   

Joe Biden said, because Trump isn't collecting social security tax on wages right now, due to Covid-19, "...social security will be insolvent by 2023."

No Joe, it's because congress has raided the social security fund for decades and it is now 2 trillion dollars in the hole.  The only way social security works today, is that current payments being made into it, are being used to pay those that paid into it years ago before they retired, but they're contributions are gone due to congressional theft.

It's called a "Pyramid Scheme", and it's the largest criminal version of it every invented and abused upon the American public.   Makes Madoff's criminal activity look like child's play.

Social security also pays out far more to recipients then they paid in and what their contributions have actually earned in interest.  Why?  Because social security is not invested into stocks, bonds, money market, mutual funds, real estate or anything else that actually has a rate of return that could mitigate that difference.

It was always designed so that future generations contributions would be used to pay the prior generation's retirement.  

Social security should have been invested the same way our 401k and IRA's work.  You pay in, no one can take out of it until after you retire and it earns compound interest over it's entire live.  Rule of 78.  Look it up.

Basically, had they done that, every American on social security would have more than enough money to retire for decades and continue to live as good or better than they did while they were working.

But no, that made too much sense.  Instead, our government operates that largest financial criminal enterprise in history.

God help us all.

#RiseUp, #DefendTheRepublic, #MAGA, #TRUMP2020, #DemocratsAreEvil