Skip to content

Social Security Trust Fund Takes a Huge Hit

March 25, 2009

The recession has accelerated the demise of the Trust Fund from going negative in 2017 to going negative by 2011.

Why does this matter? Every year the Federal Government mooches off the trust fund surplus to reduce the budget shortfall.

Mad about AIG? wait till you find out the Trust Fund is nonexistent. Over 2 trillion dollars in Treasury Bonds backed up by guess who? you and me.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: