What happened to the Social Security trust fund? Are politicians basically admitting they completely raided it?

[Ryan and The RINO 2012]

Wasn't the whole idea that Americans would be forced to pay into a trust fund? Then when they reached the age of eligibility they would withdraw from that same trust fund?

Aren't politicians basically admitting its been raided and the only way to "fix" it (aka pay out what they promised they would pay out) is to raise the age of eligibility?

http://news.yahoo.com/default-could-sink...25z;_ylv=3

Stock markets are almost certain to drop sharply. Some analysts say interest rates for Treasury bills and private borrowing would rise abruptly. Others say the flight to safety might actually make investors dump stocks and buy Treasury securities in the short term.

The first major hurdle comes on Aug. 3, when the U.S. government is scheduled to pay $23 billion in benefits to Social Security recipients. Only $12 billion in revenue is expected that day, leaving the Treasury $11 billion short — and $20 billion in the red when other scheduled payments for that day are taken into account.

Obama said in an interview with CBS News last week that he couldn’t guarantee Social Security payments will go out, a statement that could send retirees and disability recipients into a panic.
@instant karma........"The tax cuts last December were part of a plan to produce the very crisis we are having now, and it's the excuse they want to gut the government."

OBAMA personally negotiated and signed that deal.

"There is no difference anymore between Republicans and anarchists."

Anarchists don't seem to be in love with the police state the Republicans helped construct (with the help of Democrats).

[Busta]

Uncle Sam says: IOU.

[thor_torkinson]

Clintoon's "balanced budget".

[Pluto C. Rat]

Social Security fund pool (along with other working class fund pools, such as Medicare) is raided to pay US richclass military industrial congressional complex corporate suppliers on a regular basis. They put treasury paper in there after grabbing out your cash.

Then you have to buy back the treasury paper (plus the interest). So, you pay twice plus interest (the interest goes to thieving US banksters).

Obviously, US richclass corporate execs get richer than sh@t from social security contributions by US working class.

[Daniel]

It has always bought government bonds because they were the safest investment until the crazies came to town.

[MARK B]

Obama would never allow such a thing. Posturing is one thing and pure malice is another. He WILL us the power of 'executive privilege' to get that money out there. It will also contain HIS version of cuts and rasing the debt ceiling to where HE wants it.

That is the power invested in the president when Congress(in this case almost all republicans) cannot get their heads out of their rear ends !!

[Happywrist126]

The only problem with social security is that the current crop of politicians are willing screw retirees out of the deal they were promised when they paid the Social Security taxes in the first place.

This is part of the Republican plan.

The tax cuts last December were part of a plan to produce the very crisis we are having now, and it's the excuse they want to gut the government.

There is no difference anymore between Republicans and anarchists.