While we slept, Congress looted our Social Security
Last updated 10/29/2009 at Noon
High Social Security payroll taxes have contributed to yearly Social Security Trust Fund surpluses until the proclaimed surplus is now in excess of $2,420 billion ($2.42 trillion).
However, Congress has elected to sacrifice Social Security on the altar of corruption by spending the entire surplus requiring the US Treasury to cover the embezzlement by issuing nonnegotiable IOU bonds to the Trust Fund.
Such economically irresponsible and morally reprehensible behavior by the politicians demonstrates total disrespect for the working people.
Congress must now determine how to legally fund th...
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