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To: Hojczyk
The reality is that the SSTF is an unfunded liability, which is why it is included in the $14.3 trillion national debt under "Intragovernmental Holdings."

The Reps should be on this like white on rice. They should ask Obama why can't SS checks go out since, as the Dems have been saying, SS does not contribute to the deficit and does not need a fix for some time. We all know why, but asking such a question will bring home the fact that we need to borrow money to pay SS benefits and Medicare as well, which receives 51% of its funding from the General Fund.

I suspect the Reps are afraid to bring this up because it is also an indictment of them. Both parties have been guilty of promoting this fiction about the SSTF and its "assets." If the public learned the real truth, they would want to throw all of the bums out.

24 posted on 07/14/2011 1:14:58 PM PDT by kabar
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To: kabar

Call your Congresscommie and ask them if there is a Trust Fund. They will say yes. Then ask if so how come there is a chance it will not be paid. My idiot said because the cuts may stop them from being able to afford to mail the checks due to the lack of funding. But assured me the money was in the Trust Fund. I said well in that case I will pay the postage...he hung up. This is not a joke. Actually happened today.


27 posted on 07/14/2011 1:19:27 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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