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.
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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.
Of course the government steals from social security. We are working hard, so wellfare babies won't have to.
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?
" I don't think you want liars and thieves running your social security.". Seems they do.
by Ralph Deeds 6 years ago
http://www.nytimes.com/2013/03/31/opini … ef=opinionSocial Security, Present and FutureBy THE EDITORIAL BOARDPublished: March 30, 2013 6 Comments"In the fight over the federal budget deficit, Social Security has so far been untouched. That may soon change.Today's Editorials"In last...
by Ohma 9 years ago
I have read this http://www.copera.org/pera/about/legisl … toryss.stm and many similar articles which leads me to understand that SS is not at present mandatory.If SS is not mandatory why did my daughter have to apply for it on behalf of each of her children before being permitted to take...
by OLYHOOCH 8 years ago
What happens to those who only get social security? Lights off, gas off, phone off, no food? Some don't have any money saved. Do you care congress? I doubt it. Where were the Republicans for 8 years when they ran up the deficit?TO READ THE REST OF THIS STORY, CLICK THE LINK...
by SparklingJewel 7 years ago
I would be interested to hear opposition to the stated "facts" in this video...Has anyone done an extensive research on the origins of Social Security?http://www.youtube.com/watch?v=V4BjLrTq … r_embedded
by MikeNV 9 years ago
The national debt — the amount of money the government owes its creditors — is about $12.5 trillion, or nearly $42,000 for every man, woman and child in the country. About $8 trillion has been borrowed in public debt markets, much of it from foreign creditors. The rest came from various...
by Charles 6 years ago
Does he really think that the solution to the dwindling social security fund is to privatize it? Perhaps it would be a better idea to return the money that has been "borrowed" without our consent? Does he really think that wall street, the people partially responsible for our...
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