The government spent the Social Security Trust Fund. It is gone.

FYI – possibly of interest –

I forgot to mention to my friend Tom that 

the government spent the Social Security Trust Fund. It is gone. 

Congress took the money contributed to Social Security and spent it on the Department of Education, the Department of Energy, the EPA, the Department of Health and Human Services, the Department of Homeland Security, expanding the IRS, creation and/or expansion of a host of other unconstitutional governmental agencies, massive subsidies and fraudulent loans to uneconomic and financially non-viable “green energy” companies, corporate bail-outs, congressional earmarks for “pork” projects, pay-offs to government and non-government labor unions, distribution of large quantities of military vehicles and equipment for local police departments, billions of rounds of ammunition for the DHS, a massive new NSA complex in Utah to store the zillions of intercepted communications of U.S. citizens,  billions of dollars in military equipment and facilities in Iraq and Afghanistan which is to be destroyed or abandoned, and several illegal wars.

And this just scratches the surface of the thousands destinations for all the U.S. government cash being dropped from helicopters across the land by your federal government.

There is no money there to pay benefits after 2033. 

The government pays out current benefits from current cash flow. This is commonly known as a Ponzi Scheme. Our children and grandchildren will have drastically reduced benefits, or nothing if the system implodes. There will be a mutiny of young people when they realize how they are being duped, so the chances are that the latter outcome is most likely.

It is impossible to imagine how higher FICA taxes could be imposed to save the system once the exploding costs of Obamacare begin to kick in.

This is a classic example of a congressperson who is either irretrievably corrupt and dishonest, or one who is hopelessly ignorant. In either case, she has no business being in the position of responsibility with which she has been entrusted. Any congressperson who repeatedly refers to a “Trust Fund” when no such fund exists is guilty of legislative fraud and deception.