Posts Tagged ‘insurance company’

If Social Security and Medicare is bankrupt, how can the Government legally demand people keep paying into it?

If an insurance company was bankrupt, their trading, buy/sell would be suspended; so how can the Government legally continue to charge/accept Social Security and Medicare withholding taxes from Americans? It is universally understood, the Government can’t pay up when the contract comes due for future retirees?


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6 comments - What do you think?  Posted by Guest Author - May 9, 2010 at 1:26 pm

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