Tuesday, January 25, 2011

Social Security


Why have politicians been saying Social Security is brook when it has collected enough funds to be fully funded it until 2052? In 2016 social security will have a negative cash flow and it will start paying out more than it has coming in. By law all Social Security fund were to remain in a lock box and out of the reach of the bureaucrats in Washington. Congress found a way to circumvent the law and has left I.O.U.s in place of the Social Security funds. The theft took place this way, Congress created bonds and replaced the funds in the lock box with the created bonds and placed the social security funds in the general fund to pay for new programs. They don't want to tell you that they spent the money. Who is going to pay for the bonds? You are!

No comments:

Post a Comment