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Oh, Good: Social Security to Run Out Even Sooner than We Thought

Ronald Reagan Fan Wrote: Apr 25, 2012 4:20 PM

Since the Johnson presidency, there has been no social security trust fund whatsoever. FICA taxes go into the general revenue fund, to be spent on any and all expenditures-defense to medicaid to paying Planned Parenthood to abort/murder Black babies. The treasury writes IOUs for the SS administration. SS payments are actually made by floating Treasury bonds (which in turn are paid off with general reveneue funds including FICA revenues). In other words, SS financing is a shell game without the pea, ie money because Treasury IOUs are worthless.

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Oh, Good: Social Security to Run Out Even Sooner than We Thought

At this point it seems almost silly, quibbling about exact dates and amounts and whatnot, when it is already perfectly, completely, undeniably clear that we're on the fast track to an entitlement crisis the likes of which the free world has never seen. If the economy of a small country like Greece can go belly-up as a result of their welfare-heavy, socialist policies and cause such a massive headache in the eurozone, it's frightening to think of the chaos that will ensue when the planet's most productive nation financially implodes -- and if we don't steer clear of the path...

Related Tags: Social Security Entitlement Programs Greece Politics and Economy