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Thursday, May 05, 2005

I've been out for a while, on vacation, and found myself enjoying the time too much to even think about writing. However, I saw this today and had to post a brief note.

The article on WorldNetDaily was actually on another issue but this statement by Congressman Jim Moran, D-Va, couldn't be left unanswered. Speaking on Social Security and the President's campaign to address the problems coming...

"In 1983 it was fixed, and the Congressional Budget Office says we're good up until 2052. ... Social Security is the only solvent fund we have in the government today really, it's got 1.7 trillion dollars of surplus today. We're going to have a surplus of two to three hundred billion for every year until the next 30 years."

Yeah Mr. Moran, Congress did do something with Social Security in 1983, they set up a Trust Fund that was supposedly established to provide funds for the coming deficits. The problem is that you, Congress, couldn't keep your hands off it.

You've spent those funds, writing IOU's that are essentially worthless since to pay them back into the fund you will have to tax the American people again to repay Social Security funds they have already paid through payroll taxes.

Since Congress cannot control their spending, the fix is in alright, it's in for the American people. If Congress was goverened by the same laws and rules they thrust on American business, every one of them would be in jail for embezzelment and extortion of the American people and their trust.

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