In response to:

Official Lies

Timothy32 Wrote: Jan 31, 2013 5:48 PM
the S.S. trust fund is full of Bond issued from the Treasury. So allow the S.S. turst to sell the bonds on the open market. Porblem solved.
sshelnutt Wrote: Feb 09, 2013 7:33 PM
The bonds are not negotiable on the open market, and therefore cannot be sold. Problem remains.

Let's expose presidential prevarication. Earlier this year, President Barack Obama warned that Social Security checks will be delayed if Congress fails to increase the government's borrowing authority by raising the debt ceiling. However, there's an issue with this warning. According to the 2012 Social Security trustees report, assets in Social Security's trust funds totaled $2.7 trillion, and Social Security expenditures totaled $773 billion. Therefore, regardless of what Congress does about the debt limit, Social Security recipients are guaranteed their checks. Just take the money from the $2.7 trillion assets held in trust.

Which is the lie, Social Security checks must be...