RATS...gotta let em down easy. Someone unlocked the lockbox. It was BUSH!
“So what did the professional politicians in both parties do with the trillions of dollars lent to it by Social Security over the years? They spent it. That money is long gone.”
All you need to know about Social Security - it’s a Ponzi Scheme - just another tax by a different name.
Darn! I should just take all of Rush Limbaugh’s comments nearly word for word and make them into an article the next day like this author did. Great work!
I’m feeling a little bit vindicated. Been telling people this for years, and have had some people call me everything from an egg-sucking dog to a Rethuglican liar and worse.
The truth is often hard to accept: the Democrats have been telling bald-faced lies about the SS issue for years. There is no contract. It isn’t a pension. The US doesn’t “default” if the SS checks don’t go out. There is no contractual obligation, written stone, sand, the water or in the air. There is no trust fund. That cute little account statement the SSA sends you every year is NOT “your account,” and there is no “sacred trust” - it is only a welfare program. And Congress can both increase and decrease the benefits any time they’d like.
BTW, the pivotal case as to whether SS is a pension fund or a contract with defined benefits or a welfare scheme was decided in the SCOTUS in Fleming v. Nestor in 1960:
As I like to tell liberals: “Hey baby, it’s decided case law.... just like Roe v. Wade. And you guys love to talk about how Supreme Court cases are the law of the land, right?”
When I heard him say that I turned to my husband and asked, “did he just admit that there is no SS trust fund? That we have to borrow the SS payments from China? that everytime a democrat congress critter is asked they almost shout that it is solvent for 25 years, were they lying?”