Reform this you government peculators

The Social Security System is not broke. It has never been broke. It will never be broke. Let me qualify that last statement.

Since the 1980's our beloved federal government has been stealing the SSS surpluses to pay for other programs that strike their fancy. Presidents Reagan, Bush I, Clinton, Bush II & now Obama have perpetrated this thievery on the American public. Where do you think the money comes from to pay for the Wall Street & auto makers bailout? How about the Iraq & Afghanistan wars? Both political parties are equally guilty. They have pissed away this money.

All surplus revenues, which by the way are paid for with with your earmarked tax dollars collected from you payroll tax (FICA) were going into a special Social Security trust fund at the U.S. Treasury. In the fund is Treasury IOUs for the spent revenues. When the “trust funds” are needed to pay Social Security benefits, the Treasury will have to sell more debt in order to redeem the IOUs. These T Bills, which the public "purchases" offer some of the lowest interest rate on the planet.

Social Security now "owns" nearly 18 percent of the federal debt, making it the largest single holder of US debt. The government owes almost twice as much to Social Security as it does to China.

Through the decades, the Feds have "borrowed" trillions of dollars from Social Security. Last count was 2.5 trillion & climbing. When the US decides to default on money owed to Social Security, which they will because they can, the public who have worked their entire lives will be left out in the cold without so much a blanket to keep warm. That blanket was supposed to be Social Security.