The Social Security Debate

     Now I set here and watch these petty little congressman argue about how long Social Security will last. But the facts are there should have never been a problem with this program, but as usual when the government is involved you can bet your sweet ass their is someone up their on capital hill trying to find a way to get their hands on all that money that is suppose to support you in you old age.

     The fact that the Government borrowed 2.7 trillion dollars from Social Security: http://en.wikipedia.org/wiki/Social_Security_Trust_Fund

      In the story Social Security had a surplus of 2.6 tril, well that was to much money just setting their, so the Bush administration borrowed all that money and they said they would back it up with worthless Government bonds. http://www.huffingtonpost.com/sen-don-riegle/post_1901_b_845106.html

     When it comes to adding to the deficit all you have to do is look, had they not borrowed the money in the first place it would still be their. But they were like drunken monkeys, they just had to spend that money.

     During the same time period in which Social Security was building a surplus the federal budget was more often in deficit than not, as shown above: Think About It.

     Why do some people describe the "special issue" securities held by the trust funds as worthless IOUs?   What is SSA's reaction to this criticism?

 Money flowing into the trust funds is invested in U. S. Government securities. Because the government spends this borrowed cash, some people see the trust fund assets as an accumulation of securities that the government will be unable to make good on in the future. Without legislation to restore long-range solvency of the trust funds, redemption of long-term securities prior to maturity would be necessary.
Far from being "worthless IOUs," the investments held by the trust funds are backed by the full faith and credit of the U. S. Government. The government has always repaid Social Security, with interest. The special-issue securities are, therefore, just as safe as U.S. Savings Bonds or other financial instruments of the Federal government.


     Now ending my rant on this subject  How much of this Government bullshit do you believe? The credit  of the U.S. Government is worthless Shit. They took the money and now blame everyone else for the problem, with words like entitlement and so fourth. Had any American done this outside of Government they would be jailed. But these butt heads set on their golden thrones blaming everyone but themselves.

   The definition of insanity is hiring the same people over and over expecting a different result. But I think we have let it go on for so long we will never find away out. What come's next is Pain. All of the Americans that stood by and said nothing should not bitch about anything. You set back and let it happen to yourselves.

    You voted for change and now your going to get it.