SEPT 27, 2009…”Job Losses and Early Retirements Strain Social Security System
The deficits — $10 billion in 2010 and $9 billion in 2011 — they will add to the overall federal deficit.”
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If a voter ever needed a model to confirm their belief that congress cannot run a hot dog stand…Social Security is it. For decades the demo-socialists used the SS issue as a demon by claiming Repubs “wanted to take it away”…a convincing lie election after election.
Did I mention a Democrat moved our SS Fund into the General Fund where it was exposed easiy to theft?

Meanwhile, back at the ranch the congressional thieves were looting the SS Trust Fund of its reserves to buy votes with porky bills year after year after year. They left IOUs in place of trillions in cash. Thanks a pant load you shameless thugs! Once again congress creates a problem, fails to solve it, campaigns to solves it, does nothing…you know the drill.

Klinton got a couple years of a demo-socialist congress so he taxed it. It what dems do.
Bush tried to tour the country and get support for an OPTION so those under 55 could invest a tiny percent in private ways. The demo-socialists got their rent-a-mobs and demonized him with 80 year olds in wheechairs and such. The option was for below age 55…but when has truth ever mattered? Dems never want less gov-meant control over your life. Bush threw in the towel.

But fiscal insanity eventually catches up to congress in 2010 and will land right in your paycheck after about 40 years of trusting congress.
The word is Obama wants to tackle SS next year. That will be ugly. You will not like it. Its that “trust” thing.

http://conservablogs.com/theconservativecrawfish

Posted on September 27th, 2009 by Doug Schexnayder, Ph.D.
Filed under: ECONOMIC