Not really Scott.
There is (AFAIK) one SS Trust fund that pays out SS, SSDI and SSI.
Medicare has 2 separate trust funds. One for hospital, one for supplemental medical (essentially Part B).
All of them have IOU's, no real $$ in them and no lockbox. (That was a joke).
Technically all of them are insolvent. But so if the federal govt.
$20 trillion in excess debt.
Another $100 trillion or so in unfunded liability.
The US collects about $3 trillion every year.
Putting in perspective, if you earn $100,000 and spend $130,000 that won't last long. So you spend every dollar you take in plus another 30% on top of that. Now you find yourself with accumulated debt equal to 7x your annual gross income.
That's like having a $700,000 mortgage but only $100,000 in income.
Plus you have ongoing liabilities for debt service. That's another $3,5000,000 you owe in future debts.
Get the picture?
But to answer your question, there should be several YT video's about all the $$ DC collects and fritters away.
There is (AFAIK) one SS Trust fund that pays out SS, SSDI and SSI.
Medicare has 2 separate trust funds. One for hospital, one for supplemental medical (essentially Part B).
All of them have IOU's, no real $$ in them and no lockbox. (That was a joke).
Technically all of them are insolvent. But so if the federal govt.
$20 trillion in excess debt.
Another $100 trillion or so in unfunded liability.
The US collects about $3 trillion every year.
Putting in perspective, if you earn $100,000 and spend $130,000 that won't last long. So you spend every dollar you take in plus another 30% on top of that. Now you find yourself with accumulated debt equal to 7x your annual gross income.
That's like having a $700,000 mortgage but only $100,000 in income.
Plus you have ongoing liabilities for debt service. That's another $3,5000,000 you owe in future debts.
Get the picture?
But to answer your question, there should be several YT video's about all the $$ DC collects and fritters away.
