Bush Points Out Govt Spending Social Security Funds Now (must read) [View All]

[cthrumatrix]

Bush Points Out Govt Spending Social Security Funds Now
By Alex Keto
Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--President George W. Bush Friday pointed out that one
of the fundamental flaws of Social Security is that the federal government is
spending the surplus funds in the entitlement program on everything but Social
Security.

"One of the myths of Social Security is that your money is going into (an
account) - and the government is holding it and saving it for you," Bush told
an audience of supporters in Westfield, N.J.

"That's not the way it works. Your money is going into the system, and it's
getting spent - some of it on retirement benefits, other parts on just general
government (spending)," he said. Even though the Social Security system is currently running a surplus, Bush
warned once the money is spent, there is only "a paper IOU" backing up future
claims on the system.

The bottom line, Bush said, is the government has no chance of paying future
benefits it is currently guaranteeing.

"First of all, the government can't meet its promises," Bush said.

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no link yet ...can somebody pull from Dow Jones News Service


Is this the first time Bush points out that our govt are CROOKS!!!!!!!!!!!