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Straight Talk about Social Security - AMAC Foundation
Persistent emails to the AMAC Foundation’s Social Security Advisory Service accuse various politicians of squandering Social Security money for other, sometimes nefarious, political projects. The AMAC Foundation has exhaustively investigated this accusation and found it to be a myth – no politician or political party has “stolen” any money from Social Security. Indeed, the Social Security program, when first set up by President Franklin Roosevelt, expressly prevented the use of Social Security funds for any purpose other than paying benefits to those eligible. Any story to the contrary is a myth, regardless of how often it is repeated on social media and the internet. This article by an AMAC Foundation Certified Social Security Advisor dispels the myth, revealing that there are about $2.8 trillion in reserves in the Social Security Trust Funds (although these reserves are being depleted fast). Click here to read more.