Plutocrats' New Pitch: Let Us Rob You Now So You Can Plan Ahead for Poverty

[HumansAndResources]

22. Defeat the "Just IOUs" Lie

Those who would steal our retirements often use this language. Social Security payments Purchase Treasury Bills. The same kind of T-Bills that the Chinese trade for mines in South America. They are far from 'worthless' (though the Fed may yet change this if we get more of the same ... Summers or similar).

If a right-winger says we should end Social Security, ask him if it is OK if you get Your T-Bills Back - the ones You Paid For - as part of that arrangement. He likely won't know what you are talking about. He probably thinks his 'income taxes' pay for Social Security.