MikeK
Gold Member
I hope you're right.If that's true, why is Social Security included in the August default threat? I believe the Social Security Fund is a fund in the rhetorical sense and the S.O.B.s in Congress have spent or stolen every nickel of the FICA contributions.The guy that wrote that is an idiot, or lying to scare people. Social Security is a separate governement fund that is independent of the general fund.
(Excerpt)
WASHINGTON Social Security payments to millions of retirees and people with disabilities could be threatened if President Obama and Congress can't agree to increase the government's debt limit by Aug. 2, a new analysis shows.
Debt-limit delay would jeopardize Social Security payments - USATODAY.com
(Close)
It is included because the government owes the Social Security trust fund a lot of money. That does not mean that the government will stop paying Social Security if we do not raise the debt limit, it just means the administration will have to cut something else that is not part of the actual money the government owes.