Monday, July 18, 2011

It should have been in a lock box

Mark Steyn Via Bizzyblog.............

… as he (Obama) told Scott Pelley on CBS the other night, gran’ma gets it. That monthly Social Security check? Fuhgeddabouddit. “I cannot guarantee that those checks go out on Aug. 3 if we haven’t resolved this issue,” declared the president. “Because there may simply not be the money in the coffers to do it.”

But hang on. I thought the Social Security checks came out of the “Social Security trust fund,” whose “trustees” assure us there’s currently $2.6 trillion in there. Which should be enough for the Aug. 3 check run, shouldn’t it? Golly, to listen to the president, you’d almost get the impression that, by the time you saw the padlock off the old Social Security lockbox, there’s nothing in there but a (stack of) yellowing IOUs.


No comments: