Ann Coulter says welfare policies responsible for looting....

[Kasz216]

fordy said:

Kasz216 said:

Saying social security has a surplus is like saying that I spend 100 dollars of my retirement fund write myself an IOU for 1 million dollars promise myself half a million, then claim i have a half a million surplus.

It's more along the lines of giving money to someone to hold, yet they cannot help but spend it on themselves. Since 1983, social security has been getting prepared for when the boomers go into retirement. So where'd it go? Used to find wars for oil or tax cuts for the wealthy perhaps? Either way, it's summed up by one word: Stealing.

Except that's not "Since 1983.'

It's been happening since the start of Social Security.

When social security was "raided" it was just some of those worthless bonds being used to pay for other things.

Nothing more then a "clever" book keeping move.

There never was any cash "prepared" for when the boomers go into retirement.  It was all the afore mentioned IOUs.

 

So in otherwords, it's like prepairng to pay your rent next month, by writing more IOUS for money that equals your rent for next month.... but then giving those IOUS to your friends to cover them buying you a TV.