Basic Fact Ignored in Social Security Items
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I urge you to print an explanation of the contradictory and untrue (purposely or due to ignorance) article by Edward R. Roybal, which says there is a surplus in money required to pay current benefits for a long time at present tax rates.
Then it says payments equal 25% of the total federal budget. Of course it does not legitimately belong in the budget, since Social Security taxes are solely for Social Security and have created a surplus (as of now).
Therefore, payments for Social Security benefits are not paid out of general taxes.
WILLIAM T. CROFT
Long Beach
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