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Coburn: Government ‘Stole’ From Social Security

  1. OLYHOOCH profile image60
    OLYHOOCHposted 7 years ago

    Oklahoma GOP Sen. Tom Coburn warns Social Security solvency should not be contingent on the federal government’s continuing ability to borrow money and previous Congresses have “stolen” the trust fund intended to make the American people secure in retirement.

    “We have stolen $2.6 trillion from it. We put paper money in there. The problem is, we spent the money – we didn't just take it, we took it and spent it,” Coburn said Thursday on MSNBC’s “Morning Joe.” “Social Security ran about a $53 billion deficit last year – it's projected to run a continuous deficit.

    “There's no question that there's an IOU in there,” Coburn said. “But our country’s borrowing $4 billion a day. There’s no question, if we had the money, we could wait 10 or 15 or 20 years to fix Social Security.


    http://www.newsmax.com/InsideCover/Cobu … ode=BE1C-1

    1. bgamall profile image82
      bgamallposted 7 years agoin reply to this

      What Coburn doesn't tell you is that this is all about the Republicans on Wall Street wanting to manage social security. You saw how they managed the housing bubble. I don't think you want liars and thieves running your social security.

    2. Onusonus profile image81
      Onusonusposted 7 years agoin reply to this

      Of course the government steals from social security. We are working hard, so wellfare babies won't have to.

      1. Cagsil profile image60
        Cagsilposted 7 years agoin reply to this

        Don't place all the blame on the "welfare" babies. That's just distortion and misinformation.

        The politicians have taken more money than all of the "welfare" programs in existence.

  2. lovemychris profile image67
    lovemychrisposted 7 years ago

    You HAVE the money Coburn you dumbo!! Just rescind the tax cuts for billionaires and you are solvent.
    And, I would bet the farm, that Coburn is a millionaire who still has that great gvt job with those great gvt bennies and that great gvt healthcare plan!!
    For how many years?

    Give it a rest. We have plenty money--it's just hoarded at the very top. For 30 years.

    Fer instance, how can we give aid to Japan, as noble as that may be? Where did that money come from?

    How can we bomb yet ANOTHER country maybe?? Who's gonna pay for that?
    And who's idea anyway?

    1. Cagsil profile image60
      Cagsilposted 7 years agoin reply to this

      Hey LMC, America is broke and has been for many years.

      The little pieces of paper you have in your pocket or supposedly in the bank are IOUs.

      That is ALL the government has to work with from the Federal Reserve Bank. It's ALL BS!

  3. knolyourself profile image59
    knolyourselfposted 7 years ago

    " I don't think you want liars and thieves running your social security.". Seems they do.