THE LOOTING OF SOCIAL SECURITY TO BALANCE THE FEDERAL BUDGET | WHAT REALLY HAPPENED


THE LOOTING OF SOCIAL SECURITY TO BALANCE THE FEDERAL BUDGET

GREENSPAN: I will wait to see what the numbers look like.

HOLLINGS: Well, the truth is...ah, shoot, well, we all know there's Washington's math problem. Alan Sloan in this past week's Newsweek says he spends 150%. What we've been doing, Mr. Chairman, in all reality, is taken a hundred billion out of the Social Security Trust Fund, transferring it over to the spending column, and spending it. Our friends to the left here are getting their tax cuts, we getting our spending increases, and hollering surplus, surplus, and balanced budget, and balanced budget plans when we continue to spend a hundred billion more than we take in.

Webmaster's Commentary: 

Reposted in light of the announcement that the Social Security Disability Fund has run out of money!

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