Treasury Department Press Release
This is funny -- I saw Li'l Timmy "Turbotax" Geithner on cable news yesterday bragging about how well Social Security's finances are doing. He said that the wonderful news is that the program will be solvent longer than was though last year -- all the way to 2029. Then no one will receive their benefits but hey, great news!
Never mind the fact that it is losing money this year for the first time in the history of the ill-intentioned program. Social Security was created in 1935 as part of the socialist Franklin Delano Roosevelt's scheme to reshape in America in a more red-colored image. Since then Congress had added benefits onto it like SCHIP, the States Childrens' Health Insurance Program and Supplemental Security Income.
What is not widely understood by the average American is that Medicare and Medicaid both are amendments to, and thus additions to, the original Social Security Act. The three are tied together. George W. Bush did us no favor when he got prescription drug benefits for senior citizen passed. And Barry Soetoro made sure that our Social Security system would implode in short order when he got SoetoroCare® passed.
But Turbotax Tim, who purposely evaded taxes, errr, ahem made typographic errors when entering his data into his Quicken software program, has evidently made another elemental error is his mathematics. In the red means more money being spent by the system than is being received in your tax dollars. In the red means that the system is effectively dead, and the only reason why Timmy and Barry are so happy at their new, revised figure of solvency through 2029 is that benefits will still be paid out between now and then because of what is already saved up in the porous, Swiss-cheese like "lockbox" that the Billary Clintons tried to pretend was watertight.
There is no lockbox, in fact at this point, Social Security, Mediacaid and Medicare are virtual hacked ATM machines, spitting out money at anyone with hands out to receive it. But none of the Communists in Congress or the couple at 1600 Pennsylvania care about that. They love seeing red. They are Reds through and through, except for the color of their blood, which is blue with yellowish highlights. Li'l Timmy, you character!
Ruff looking face.
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