Know your BFEE: Social Security is a Side Show while Banksters Walk and You Pick Up the Tab

[riderinthestorm]

79. They've "borrowed" $3 Trillion from Soc Sec to shore up their tax cuts

and they do NOT want to pay it back.

So they are going after the chained CPI in order to make sure its never paid back with higher taxes. Chained CPI which can be modified and changed once its implemented in order to keep them from EVER having to pay that sum back.


"In fact, there is an even bigger lie concealed by the fiscal scolds and ignored by witless media, too. Again and again, self-righteous critics have portrayed Social Security as the profligate monster borrowing from the Treasury and sucking the life out of federal government. Guess what? It's the other way around. The federal government borrows from Social Security. The Treasury has been borrowing from the Social Security Trust Fund for 30 years, and the debt to Social Security beneficiaries now totals nearly $3 trillion. The day is approaching when that money will be needed for its original purpose: paying Social Security benefits to the working people who contributed to the fund.

That is the real crisis that makes the financial barons and their media collaborators so anxious to cut Social Security benefits. They would like to get out of repaying the debt—that is, giving the money back to the people who earned it. The only way to do this is cut the benefits—over and over again. Count on it. If the president and Congress succeed in this malicious scheme, they will come back again and again to cut more and more. If the politicians join this sordid conspiracy, voters should come after them with pitchforks and torches."

The whole thing: http://www.thenation.com/blog/173771/will-voters-forgive-obama-cutting-social-security