WOW - Steve Forbes right now on CSPAN - THEY HAVE LOOTED THE SOC SEC FUND!

[customerserviceguy]

63. They're NOT all US Treasuries

Even the SSA acknowledges this:

"The Trust Funds hold a mix of short-term and long-term government bonds. The Trust Funds can hold both regular Treasury securities and "special obligation" securities issued only to federal trust funds. In practice, most of the securities in the Social Security Trust Funds are of the "special obligation" type. " See Question 27 here:

http://www.ssa.gov/history/hfaq.html

These "special obligation" securities are not negotiable, tradeable on the open market, and the only entity that gets to decide when and how to redeem them is Congress, when it passes a law signed by the President. If I gave you a check for your services, but told you that you simply cannot cash it until I tell you there's money in the bank to redeem it, what have I given you? Especially when you see me pulling the same trick with other people? Would you have a lot of faith that you're going to get paid, when you see me spending way more than I can possibly make at my job?

Oh, and those "borrowed" funds have bought plenty of bridges to nowhere. Of course, that was only an exchange of currency, what they really bought was votes for congresscritters who are now long since retired or dead.