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January 19, 2005 Is Social Security in crisis? You bet it is. But its not the crisis everyone else is talking about. And its not a crisis that will occur sometime in the future. Its happening right now, today. The crisis is a management that walks off with the money, steals the profits, spends these surpluses wherever it pleases and then demands that the taxpaying public replace them plus interest. Why do you think the Social Security trust fund is 22 percent of the national debt now standing at practically $1.7 trillion in debt markers that only the taxpaying public can redeem? And we are the people who provided this extra money in the first place. Thats double taxation no matter how you look at it. (Read the rest here)
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