The first mistake with the Social Security Trust Fund was to allow borrowing from it to fund other government operations. These other operations were then never paid for. No taxes were needed to be raised to pay for them nor were any spending cuts needed to pay for them. Just like the Bush prescription drug plan (700 billion) was never paid for nor much of the initial Iraq war spending, etc. etc.
Much of this “off the books” spending was by design; to spend the government into near bankruptcy so that huge spending cuts (SS and Medicare) would be forced. Its happening as we speak and the Republican small government people are riding the Trojan horse of debt they created to victory.
This fraud can only be corrected by terminating the tax cuts and generating a tax and economic plan that will put our house in order. With the interests of big money (the 20% who own 93% of all assets) controlling the congress and most of our state legislatures, don’t look for this to happen, but, instead, prepare for SS and Medicare and other safety net programs to be cut.
The script has already been written and playing in a theater near us you. It goes like this; Political Leader: (dripping with sincerity and faux alarm) “Folks, we simply cannot afford it anymore. There is no money, we’re broke and unless we make these hard decisions our government will be bankrupt, we will default on our debt, our world credit will be destroyed, there will be real depression and blood in the streets. Believe me folks, these cuts are tough and painful to many of you but they are necessary to save our country” What a fraud! What an unhappy, depressing, and despicable fraud!
