Has anyone noticed...
The government has been borrowing money from Social Security for some time now... to the tune of $2.5 trillion. They've given Social Security IOUs for the money in the form of US Treasury Bonds. For many years, Social Security took in more money than it paid out... However, now as the baby boomers retire, they pay out much more than they take in and they need that borrowed money back. Thing is that Treasury Bonds mature... become due, at a given time. For much of that borrowed money, that time is NOW... with interest.
The government knew when they borrowed the money that they'd have to pay it back with interest at a specific time. However, as far as I know, they have not made ANY plans to actually pay it back. I'm a baby boomer and where does that shit leave me?... No, screw that... I paid out into Social Security for all my life and that's MY money! I'm gonna want my fricking money and don't want to hear any crap about IOUs.
"You lock the door and throw away the key. There's someone in my head, but it's not me."
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