OldCootsView
Friday, December 23, 2011
The Rape of Social Security
The Gloater-in-Chief is patting himself on the back for "winning" the battle with the House and forcing yet another raid on the Social Security Trust Fund. In just two years, Congress and the White House have ripped another $2Billion out of the Social Security Trust Fund, a program that is already seriously underfunded. This will mean that even more money will need to be borrowed from China et al in order to meet future obligations. While putting more cash in the pockets of voters makes political sense, especially in an election year, people need to realize that what these politicians are doing is using your money, yes your money, to buy your vote! Congratulation suckers! Now, the politicians will tell you that the tax holiday is fully paid for and that the Social Security account will be reimbursed for the $1.2B. Many of you may be too young to remember, but that line has been used many times in the past and the result is a $15T federal debt. In government, nothing is ever, "fully paid for". That comes from an OldCoot who spent his career "fully funding" the defense budget.
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