2007-12-19 12:52:05 · 7 answers · asked by Robert O 2 in Politics & Government ➔ Government
There has never been any money in the so called proverbiale lockbox other than I.O.U.s!
IT's a scam and a shell game of smoke and mirrors!
The money goes to the treasury... the government puts IOU's in the so called lockbox [i.e. low yielding treasury bonds]... and then spends the fiat money.
The farcical lie promoted by the democrates [neoprogressives]... is that when the babyboomers begin their exodus into retirement, and more money is going [out- of], as opposed to [in-to], the proverbiale lockbox, that the government can begin calling in those IOU's to cover the short fall.
Here's the catch... those are government IOU's.
the government didn't loan that money to the private sector or other governments. It loaned that money to itself.
There's no-one to call those IOU's in from.
There's nothing there but a 54 trillion [and growing] unfunded mandate.
Na-na... Zip!
The socio-economic quake coming our way will make the last depression seem like a walk in the park.
People will not be patiently waiting in soup lines like they did during the last depression... for filial piety has been significantly stamped out of our society by secular eqalitarian humanists [neoprogressives who have taken over the democratic party]... it will be like Katrina, the LA riots, the Watts riots, and then some.
There will be blood in the streets.
And I'm not being metaphorical!
2007-12-19 14:09:45 · answer #1 · answered by . 2 · 0⤊ 1⤋
Judging by the fact that foreign banks are now bailing us out of our debt; I would venture to guess that the government has stolen all of the Social Security surplus. And much, much more.
2007-12-19 12:57:25 · answer #2 · answered by Crystal Blue Persuasion 5 · 0⤊ 0⤋
I heard an estimate of 28 trillion, I don't have any facts on that but I am researching it.
2016-11-11 04:31:17 · answer #3 · answered by Rayman2 1 · 0⤊ 0⤋
that total makes up about half of the National Debt..the rest the finance charges that add up by the minute..liberals say wrongly it is Bush's tax cuts..but they know nothing but demagoguery of lies..the Congress has been spending the SS tax fund for decades now..and that is a percentage of every Americans tax withholdings..not the 250 dollars some people get back every year Bush has been President
2007-12-19 12:57:55 · answer #4 · answered by Anonymous · 1⤊ 3⤋
All of it & they have replaced the money with Treasury notes, we all know what they are worth!
2007-12-19 12:57:20 · answer #5 · answered by geegee 6 · 0⤊ 0⤋
All of it (during the Clinton Administration, to "balance the budget").
2007-12-19 12:55:41 · answer #6 · answered by Yo it's Me 7 · 1⤊ 1⤋
Probably all of it. Doesn't it feel fantastic to be double taxed?
2007-12-19 12:55:35 · answer #7 · answered by Arcanum Noctis 5 · 0⤊ 0⤋