[dirtboy]

By law, the Social Security trust fund must be invested in U.S. government securities. But thanks to the low interest rate policies of the Federal Reserve, the average interest rate on those securities just keeps dropping and dropping.

Funny money reducing phony earnings on bogus assets. Not our biggest problem by any stretch.

[SeekAndFind]

The so called trust fund not only is not being invested, it is being SPENT TODAY. What we have in this so-called trust fund are paper IOU’s that need to be paid for.

In effect, we have a pay-as-you-go system.

Current retirees are being supported by current workers.

In the past, there were 15 to 20 workers for every retiree. We are now down to 3 to 4 worker for every retiree and because of today’s high jobless rates, there are EVEN LESS workers supporting retirees.

In fact, we have MORE people on social security disability than ever as unemployment insurance runs out.

If Obama wins in 2012, the only question left is this — will the system collapse on or before 2016?