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Old 07-24-2011, 02:31 PM
REDCART REDCART is offline
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The YouTube clip while enlightening may be somewhat misleading. It mentions several times that some of the funds come from the Social Security Budget, which many people might erroneous conclude means the Old Age Survivors and Disability Trust fund which funds monthly SS retirement and survivors benefits. That was no doubt the intent of this reference to generate public angst.

The Social Security Act is organized under 21 Titles. For example, SSI is covered under Title XVI. Other titles provide authority for the federal government to provide block grants to states for various social programs. Funding for these various programs including SSI comes from general tax revenue and not from the Social Security OASDI trust funds. Yes, it's our taxes being siphoned off again for some well-meaning social program but it's not draining the SS trust funds as the commentator would have you believe.