A Series of Unfortunately Timed Events
Monday, March 15th, 2010On the same day that Congress may attempt the largest power and control grab over its citizens’ health care rights, one of its other fine messes is beginning to show signs of inevitability.
Social Security to start cashing Uncle Sam’s IOUs
PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
It’s time to start cashing them in.
For more than two decades, Social Security collected more money inpayroll taxes than it paid out in benefits — billions more each year.
Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.
Why they’re even considering the Health Care takeover when they can’t balance the books or have evidence of success in one single other Federal entitlement program is well — a sign of just how demented things are in Washington.
Thank you Democrats. Thanks to you, future generations of America will never know what it is like to make your own decisions for yourself and your family.
Sphere: Related Content



