For years, Democrats have told us that Social Security is not broke because it has a "trust fund" filled with $2 trillion worth of assets. The assets are in the form of Treasury bonds. If these are truly assets, why would the government be unable to send out checks?
The reality is that they are not assets. The government must tax or borrow more to make good on the the bonds. Obama's threat proves that.
Hey, I been spamming this thread with that EXACT SAME idea...you been copying me ??? :)
Enjoy this as a cartoon explains it best:
Video : A Liberal Democrat explains the why the Social Security Trust Fund is safe