…SOCIAL SECURITY IS ALREADY BANKRUPT!!! I know a lot of you are victims of the public education system, and even more of you are afraid of facing the stark reality of being responible for your own upkeep, but you are only making things worse for yourself by refusing to face facts.
Fact 1: There is no trust fund, lock box, surplus. Hasn’t been since the 30’s.
Fact 2: FICA is a tax. No more no less. It is not “allocated” only for pseudo-insurance.
Fact 3: The government cannot meet its finacial obligations…by a lot!!! So it must borrow to provide for operations. This includes Social Security pay-outs.
Fact 4: When you borrow for operations it means that you do not have enough revenue to operate in the black. This means you are operating in the RED!!! When done to the point that you can no longer pay off the accumulated debt, YOU ARE BANKRUPT!!!
This is where we are now.
I won’t bring it up again. Promise. If you are too dense to do the simple math and the little research that is required to confirm this,…you deserve to be surprised……..and then soundly thrashed about the head and shoulders for your stupidity!
Got Silver or Gold?
Two things are infinite: the universe and human stupidity; and I’m not sure about the universe. – Albert Einstein