CrusaderFrank
Diamond Member
- May 20, 2009
- 148,642
- 71,960
- 2,330
In 2008, Democrats assured us that, "These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis" a short while later they were dead broke bankrupt needing hundreds of billion in new cash and guarantees.
When Bush43 tried to implement reasonable modest reform in Social Security the Dems demagoged the fuck out it, it was a risky scheme, seniors could trust the government, the stock market was rigged, it was a pay off to Wall Street, etc.
And now, Obama played the last card, he just told the American people that their worst fears are real: there is nothing in the Social Security Fund; its as broke as Fannie and Freddie but this time its broke in the trillions column.
He didn't say he would sell the assets of the fund to investors to pay retirees. He said, the fund is broke. Without new borrowing our Seniors will not receive the checks that were backed by a "Trust Fund"
That's it now, the Democrats have fired their last shell -- and right at American seniors. The Fund really is broke and that's the Last Demagoguery of the Democrats
When Bush43 tried to implement reasonable modest reform in Social Security the Dems demagoged the fuck out it, it was a risky scheme, seniors could trust the government, the stock market was rigged, it was a pay off to Wall Street, etc.
And now, Obama played the last card, he just told the American people that their worst fears are real: there is nothing in the Social Security Fund; its as broke as Fannie and Freddie but this time its broke in the trillions column.
He didn't say he would sell the assets of the fund to investors to pay retirees. He said, the fund is broke. Without new borrowing our Seniors will not receive the checks that were backed by a "Trust Fund"
That's it now, the Democrats have fired their last shell -- and right at American seniors. The Fund really is broke and that's the Last Demagoguery of the Democrats