The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.


Thursday, June 14, 2012

Yes My Fellow Americans, Congress Really Did Steal Your Social Security

 


In March, 2008 Senator Jim DeMint (R-SC) attempted in vain to keep Congress from plundering the Social Security Trust Fund....And that's the bitter truth folks. The Social Security Trust Fund has been nothing but a slush fund for Congress Critters since its inception. Congress stole the money, left a big pile of worthless IOU's and spent the money on wars, pork, corporate welfare and other slop. It was a relatively easy heist to accomplish because for decades the SS tax far exceeded the cash outlays to SS recipients. Now, Congress is in an absolute panic because the SS Trust Fund is fully plundered and the SS taxes collected are not sufficient to pay the benefits. In recent years the government has been using general revenues to cover annual shortfalls in the $30-70 billion range and that number will only explode as the Baby Boomers retire.
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Judy Morris,
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