The liars are at it again

The Price of Liberty
by Ed Henry

02/25/08

Social Security supports itself with revenue from Payroll Taxes. What’s more, Social Security produces an annual surplus that the government steals and spends elsewhere, what would be labeled a capital crime were it committed in the private sector. Last Year, fiscal 2007, that surplus was $82.4 billion. What’s more, the accumulated surpluses amount to the mind boggling figure of $2.2 trillion as of the end of the last calendar year. All of this is faithfully reported in the U.S. Treasury’s Monthly Statement, table 8, and third from the last page. Follow these reports and it will be difficult to believe that Social Security needs to be ‘fixed’ or requires ’saving.’ The only thing Social Security needs is to force the government to keep its grubby hands off surpluses and allow the Social Security Administration to do what’s right with the people’s money...

//www.thepriceofliberty.org/08/02/25/henry.htm


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