This Investor's Business Daily editorial begins with asking a pointed question about the Obama administration's underhanded hiding of the Annual Report of the Social Security Board of Trustees. It is supposed to come out between mid-April and mid-May. It's mid-July already and no sign of that report. How come? What does the president want to keep from us?He wants us to stay in the dark about this:
...With the disastrous Obama economy, the great Social Security surplus that started in the Reagan administration is gone completely.
Every year, the federal government has been raiding the Social Security trust funds to take that annual surplus and spend it on the rest of the federal government's runaway spending, leaving the trust funds only with IOUs backed by nothing but politicians' promise to pay it back when it's needed. Now even that annual surplus is gone. How soon will the trust funds run out completely now?
President Obama keeps telling us a fairy tale that he saved us from another Great Depression. But he is actually leading us into another Depression...
