The Myth of the Social Security Trust Fund
Dear Friend, Kudos to Charles Krauthammer on his excellent analysis that Social Security is not protected by a “lockbox” or “trust” fund. I said this in the first printing of Unaccountable Congress: It Doesn’t Add Up in 1992. In fact, I entitled chapter five on the methodology of the Social Security trust fund, “Congressional Child Abuse: Send the Kids the Bill.” For some background on this, one can look at what Charles Ponzi tried to do in Boston in 1920. Like Bernie Madoff
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