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<blockquote data-quote="Bingo" data-source="post: 4103766" data-attributes="member: 61226"><p>You are still clueless- The payroll taxes collected each year are put into 2 separate trust funds to pay off current obligations each year. When there is a surplus, the money is put in special issue Treasury Notes. Next year these treasury notes will have to used for the first time. The reason is there are more people collecting then people contributing. The main reason is people are living longer. Social Security and Medicare does NOT increase the national debt and the national debt has NO bearing on Social Security and Medicare.</p></blockquote><p></p>
[QUOTE="Bingo, post: 4103766, member: 61226"] You are still clueless- The payroll taxes collected each year are put into 2 separate trust funds to pay off current obligations each year. When there is a surplus, the money is put in special issue Treasury Notes. Next year these treasury notes will have to used for the first time. The reason is there are more people collecting then people contributing. The main reason is people are living longer. Social Security and Medicare does NOT increase the national debt and the national debt has NO bearing on Social Security and Medicare. [/QUOTE]
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