Congress Has Not Looted Social Security | ZeroHedge
Authored by Bill King via RealClear Wire
When I write on Social Security, I regularly have readers write and tell me the “real” problem with Social Security is that Congress has looted the Social Security trust fund and spent the money on other programs. I have as little respect for Congress as anyone and they are profligate spendthrifts, but this narrative is false.
Every year, the trustees who govern Social Security’s operations issue a Trustees’ Report. (more…)