In Ken Yanko’s March 3rd Letter to the editor concerning Social Security, he left out one extremely important fact. During President Nixon’s time, he incorporated Social Security into the general revenue for the Federal Government. Because more money was coming in than going out, the excess funds could be used to balance the budget! It’s a lot like some of the schemes our current and past Illinois leaders have come up with to balance the Illinois budget!
As less money is coming in than going out, they now want to find some way of divesting themselves of the deficits from Social Security. Incidentally, it was never planned to cover all it does today.