Friday, October 29, 2010

Congress has finally milked the Social Security Cow Dry

Over the last 30 years Social Security taxes have produced more revenue than was needed to pay benefits. In other words, there has been a surplus in the Social Security trust fund for the last 30 years. 

What have the pompous peacocks in Congress done with this surplus? Well, anyone with the financial acumen above that of a six year old would have put the surplus aside to pay future benefits.

But OUR Congress doesn't have the collective brain of a six year old, no, it has the intelligence of a two year old. OUR Congress has spent every dime of the surplus.

So NOW that we are, starting this year, looking at deficits as far as the eye can see OUR Congress will turn their self-righteous gaze on us again and piously tell us we need to pony up more money because otherwise old people will die in the streets. How long will we tolerate this incompetence and corruption?