DeMint Plan Uses the Social Security Surplus for Retirement Instead of More Federal Spending

"For 22 years, Congress has used surplus tax revenues going into Social Security to hide the real level of federal spending. Instead of saving this money to pay future benefits—as was intended—Congress used it to disguise the extent of annual budget deficits. Sen. Jim DeMint (R-SC) and Rep. Jim McCrery (R-LA) have created legislation that would save Social Security’s surplus and use it to improve Americans’ retirement security."

Retirement