Obama lied about SocSec Trust Fund

Discussion in 'Politics' started by CrusaderFrank, Jul 28, 2011.

  1. CrusaderFrank
    Online

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,165
    Thanks Received:
    14,902
    Trophy Points:
    2,210
    Ratings:
    +36,898
    Obama recently had a Community Agitator moment. It seems he forgot he was POTUS and thought he was knocking on doors in Chicago to rile up the legions of Mindless zombies that make up the Dem Party when he said, “I cannot guarantee that those (Social Security) checks go out on Aug. 3 if we haven't resolved this issue”

    But according to the SSA, we learn that the investments in the fund are redeemed to pay benefits

    "If all the income is invested, how do benefits get paid each month? Money to cover expenditures (mainly benefit payments) from the trust funds comes from the redemption or sale of securities held by the trust funds. When "special-issue" securities are redeemed, interest is paid. In fact, the principal amount of special issues redeemed, plus the corresponding interest, is just enough to cover an expenditure."

    Trust Fund FAQs

    Why did Obama lie about the Trust Fund?
     
    Last edited: Jul 28, 2011
  2. hellofromwarsaw
    Offline

    hellofromwarsaw BANNED

    Joined:
    Jul 14, 2010
    Messages:
    1,617
    Thanks Received:
    112
    Trophy Points:
    0
    Location:
    NY 26th finally Dem!
    Ratings:
    +112
    He didn't, Rush/Foxbot.
     
  3. CrusaderFrank
    Online

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,165
    Thanks Received:
    14,902
    Trophy Points:
    2,210
    Ratings:
    +36,898
    Where did I go wrong?
     
  4. AmericanFirst
    Offline

    AmericanFirst Gold Member

    Joined:
    Dec 17, 2009
    Messages:
    12,204
    Thanks Received:
    1,047
    Trophy Points:
    175
    Ratings:
    +2,005
    He did idiot leftwing socialist whore.
     
  5. AmericanFirst
    Offline

    AmericanFirst Gold Member

    Joined:
    Dec 17, 2009
    Messages:
    12,204
    Thanks Received:
    1,047
    Trophy Points:
    175
    Ratings:
    +2,005
    As he does all the time, like you.
     
  6. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,121
    Thanks Received:
    10,159
    Trophy Points:
    2,030
    Ratings:
    +14,669
    What hasn't he lied about? Seriously?
     
  7. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,121
    Thanks Received:
    10,159
    Trophy Points:
    2,030
    Ratings:
    +14,669
    dimocrats are hot on the airwaves this am with their buzzwords.. "hostage" "extreme" "kill medicare" "compromise" f















    boo fucking hooooo
     
  8. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Umm and where do you think those funds to redeem the trust funds come from?
     
  9. Soggy in NOLA
    Offline

    Soggy in NOLA Platinum Member

    Joined:
    Jul 31, 2009
    Messages:
    32,679
    Thanks Received:
    4,316
    Trophy Points:
    1,130
    Ratings:
    +11,415
    Printing presses and/or the Chinese.
     
  10. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Yes and over debt ceiling limit.
     

Share This Page