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Originally Posted by Guest
I heard again this morning on one of the news shows that Social Security is solid until 2033. Is that really a factual statement? Social Security is now paying out more than it takes in so monies are being drawn from "Trust Fund" to make up balance. There are no assets in Trust Fund so I assume money is being taken from general fund. Without spending cuts or increased taxes additional money is being borrowed and added to debt. Is my thinking correct on this or am I missing something. Our new president is gearing up for a big spending spree now. I know better but I'm starting to wonder if there is any downside to spending money we don't have?
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The spending more than we have has been going on for years. Were you concerned during the Obama years that we as a country had to borrow 45% of every dollar we spent?
That the national debt doubled during Obama's reign?
That more people who are not entitled, nor have paid into the system were added each and every year for the last 8 years?
Nothing new on this subject what so ever!!!