An Explanation So Simple even a Liberal Can Understand how Fucked Social Security Really is.
Here's what happened yesterday with Obama's Admission that Social Security is Bankrupt and there is no Trust Fund. Instead of using Treasury bonds to fund the Non-Existent "Trust Fund", lets say that the currency is cigarettes.
We paid taxes to the government and the government told us they were depositing a pack of cigarettes in the Trust Fund and when we got older and wanted to have a smoke on the porch the cigarettes would always be there.
In 2000, Gore and the Democrats criticized President Bush's idea to let us hold 2 Cigarettes in a bank vault as a "Ricky scheme!" And a "Payoff to his Cronies that operate bank vaults" So the Dems won the day and the Cigarettes stayed with the Government.
Yesterday, Obama told people expecting to get their cigarettes that they might not be coming after all.
Some said, "Um wait, what happened to the Cigarettes that you told me you've been depositing in my account all these years"?
"We smoked them," Obama and the Dems tell us.
"You smoked my retirement Cigarettes?", we said
"Yeah, we had to. See we have a cigarette deficit" Obama said
"So you lied to me about putting cigarettes in my account?" we said
"Did you hear about Rupert Murdoch and Casey Anthony?", Obama said, "But, yeah, I need to make more Cigarettes and I can will send them to you"
"I have a better idea," we said, "from now on, I'm going to fund my own cigarette account and you can go **** yourself"
Well OK we didn't actually say that...but maybe we should