Monday, February 28, 2011

Social Security Not an Issue for Obama. However, the Money Is Not There.

President Bush wanted to allow the contributors to set aside into their own private accounts. If that had started, the potential retirees would have a greater reserve for retirement. 

President Johnson needed money, so he raided the fund, and now the only solution is to raise the retirement age.

Read the report from Washington Times by Sean Lengell

Read a portion of the report next.

In past years, the Social Security fund received more taxpayer dollars than it needed to pay benefits, and the surplus money was put into trust funds. But the federal government has borrowed from these funds to pay for other projects, leaving IOUs that the government will soon have to begin paying back out of other revenue.

The government will have to pay back the IOUs with more printed dollars. CRIMINAL DEEDS,UNPUNISHED.
 

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