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.
TO READ THE REST OF THIS POST, CLICK ON THE LINK BELOW,
http://www.newsmax.com/InsideCover/Cobu … ode=BE1C-1
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 5 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 OLYHOOCH 6 years ago
Have you noticed, your Social Security check is now referred to as a "federal benefit payment"? I'll be part of the one percent, to forward this, our government gets away with way too much in all areas of our lives, while they live lavishly on their grossly overpaid incomes! KEEP passing...
by Ohma 8 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 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 SportsBetter 22 months ago
Is social security a socialist program?
by MikeNV 8 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...
|HubPages Device ID|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Google Analytics|
|HubPages Traffic Pixel|
|Google Hosted Libraries|
|Google AdSense Host API|
|Conversion Tracking Pixels|
|Author Google Analytics|
|Amazon Tracking Pixel|