Social Security Used As Slush Fund

Government Borrowed More from Social Security
than any Other Entity or Foreign Government"Bush borrowed heavily from the Social Security surplus to help obscure the fact that federal taxes were not bringing in enough revenue to pay for the wars and his tax cuts.... Given this history and the fact that Social Security has not and does not contribute to the deficit, Social Security should not be "on the table" for deficit reduction now. In fact, it should not be part of the deficit debate at all.

According to the U.S. Treasury Department's "Monthly Statement of the Public Debt of the United States" (9.30.10)..
US Holders of Debt
     42.1 % -- US Individuals and Institutions
     17.9 % -- Social Security Trust Fund
     06.0 % -- US Civil Service Retirement Fund
     02.1 % -- US Military Retirement Fund"

Foreign Holders of Debt
     11.7 % -- Oil Exporting Countries
     09.5 % -- China and Hong Kong
     06.3 % -- Japan
     01.4 % -- United Kingdom
     01.3 % -- Brazil
     01.6 % -- All other foreign countries

COMMENTARY
Although this article was written in April of 2011 the U.S. debt holders reported in 2010 tells the story.

Why should payers into Social Security, the U.S. civil service or military retirement funds be used for things anything other then what they were intended for?

Uploaded on Aug 31, 2010

Same talking points and nothing has changed since !