The SS program is well funded. Unfortunately, the bulk of its resources are IOU’s. THAT is the problem. Imagine an HONEST federal budget that points out by sequestering the SS funds, .gov is worse off than what folks are even being told now.
Is any politician capable of telling the American Public the truth?
This guy I know who works for SSA says they are not “IOUs”. That they are government Treasury bonds, or securities, or something like that (it’s been a few weeks since I talked to him). He says that whatever is backing SSA is payable upon demand to the SSA by the US Treasury. I knew when he said it, it was a crock and that what he was saying was just the opposite of the figures put out by conservatives, but he’s the “expert”, so I kept my opinion to myself.
No! All politicians prefer reelection over truth. Have you seen the benefits they get?