08-26-2013, 03:31 AM
I am someone who is smart and good with numbers, and yes, I was completely and totally confused until reading through the 245 page actuary report from 2012 that is posted on the social security website. The parts that were confusing to me (and I'm sure others!) is that the retired people kept "screaming" about their trust funds, but I knew they didnt exist. So, the clarification for me was when I realized that the trust funds do exist, but only for the older people. This is where it is sort of a fraud. The Government says there are "trust funds" and they are "solvent" through a certain date. BUT! what the govt neglects to tell the younger workers is that - "Your taxes every month are going straight out the other side of the equation to the retirees- and therefore, you are not included in the trust funds!".