Social Security

Another Socialist Program going down in flames.

Social Security to start cashing Uncle Sam's IOUs

Associated Press Writer

PARKERSBURG, W.Va. (AP) -- The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It's time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits - billions more each year.

Two previous Universal Government plans in trouble. Why will Universal Healthcare work?

I read in the daily local today that Social Security will be bankrupt by 2037 and Medicare will be bankrupt by 2017.

Both "Universal" programs created by the Government. Both unwieldy and expensive. And now, both will be insolvent soon without major changes.

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