"Social Security, Medicare facing unhealthy future; Benefit programs will be depleted before projections" by Martin Crutsinger, Associated Press | May 13, 2009
WASHINGTON - The trust funds - which exist in paper form in a filing cabinet in Parkersburg, W.Va. - are bonds that are backed by the government's "full faith and credit" but not by any actual assets. That money has been spent over the years to fund other parts of government. To redeem the trust fund bonds, the government would have to borrow in public debt markets or raise taxes....
--more--"How about ENDING the WAR LOOTING and BANK BAILOUTS FIRST?
I'd rather they cut spending than borrow more money: U.S. Paying 46% Interest Rate on Deficit
