Here’s something that’s got me baffled.
For all of my life I’ve heard about a thing called the Social Security Trust Fund. Allegedly, the taxes the government has been collecting over the years, those taxes above and beyond what was actually required to pay benefits, were put into a trust fund.
Also, allegedly, these funds could not be used for anything but paying out Social Security benefits.
If this is true, then all the funds necessary to continue paying Social Security benefits are contained in this trust fund. There should be no reason to have to borrow money to make these benefit payments. The debt limit should have no effect on Social Security benefits.
If this is true, then why did Obama make this statement?
“I cannot guarantee that those checks go out on August 3 if we haven’t resolved this issue, because there may simply not be the money in the coffers to do it.”
Has our government been lying to us about Social Security and its Trust Fund all these years?
If they’ll lie about something so important, to so many people, what else will they lie about?
Or, maybe more correctly, what won’t they lie about?
Should we really be trusting these people with our financial future?
