Saturday, March 27, 2010

Greenspan, NYT pretend SS Trust Fund exists

In this article, the NYT notices that SS is now 'drawing down' its "Trust Fund", about 9 years ahead of schedule. Of course the "Trust Fund" is just an enormous pile of IOUs from one part of the Federal government to another part. Despite this the NYT and Greenspan talk about SS as if it won't run out of money until 2037. This is a vicious and cynical lie. SS runs out of money as soon as the United States can no longer persuade the rubes to buy their bankrupt paper.

And that will happen long before 2037. Barack Obama is here to make sure of it.

Why can't our establishment leaders tell the truth? Ever?

No comments:

Post a Comment