Most people know never expect to see a dime of the money stolen from them for Social Security. Good thing, too. Check out this headline and info:
Social Security to start cashing Uncle Sam's IOUs
"This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.
Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs — in the form of Treasury bonds — which are kept in a nondescript office building just down the street from Parkersburg's municipal offices."
With a projected deficit of $1.5 TRILLION dollars this year, where will they get the money?
And it will get worse every year from now on with the present set up.
Bernie Madoff was an amateur compared to the thieves in D.C.
Comments