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Message Subject Obama Says Social Security Checks Next To Go
Poster Handle Anonymous Coward
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from 2011 - this shouldnt be an issue...hes got a poker face on. call out the fuckin bluff.

What Happened to the $2.6 Trillion Social Security Trust Fund?

Here’s why: Social Security has a trust fund, and that trust fund is supposed to have $2.6 trillion in it, according to the Social Security trustees. If there are real assets in the trust fund, then Social Security can mail the checks, regardless of what Congress does about the debt limit.

President Obama’s budget director, Jack Lew, explained all this last February in USA Today:

“Social Security benefits are entirely self-financing. They are paid for with payroll taxes collected from workers and their employers throughout their careers. These taxes are placed in a trust fund dedicated to paying benefits owed to current and future beneficiaries. … Even though Social Security began collecting less in taxes than it paid in benefits in 2010, the trust fund will continue to accrue interest and grow until 2025, and will have adequate resources to pay full benefits for the next 26 years.”

Notice that Lew said nothing about raising the debt ceiling, which was already looming, and it shouldn’t matter anyway because Social Security is “entirely self-financing” and off budget. What could be clearer?

[link to www.forbes.com]
 Quoting: Phennommennonn


They will STEAL that money in a heart beat people. And when their done stealing that they'll take your 401K's and your bank accounts.

These people are CONs and Criminals. Period. They got to power by being the biggest baddest motherf*king liars and cheats the world over.

They do not work for you, they do not represent you. Period. Their job is to lie to you, and use the media to do the same while they steal every last thing you have and leave behind a police state for anybody that is awake enough to decide to resist.

It happened in Canada and it was never even reported, EI had a $25 Billion dollar surplus and Paul Martin just said 'It's General Revenue' - exploited the fund and the government Bureaucracy simply blew the money!
 
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