“The federal government’s been engaging…in self-dealing practices for years, and let me use Social Security as a perfect example of that.”

David Walker served as United States Comptroller General under Presidents Bill Clinton and George W. Bush.

In this clip, Walker confirms the federal government spending of every dime of Social Security surpluses, the nonmarketable nature of the IOUs left in its place, and the “duplicitous” accounting that allows Congress to keep this spending off-budget.

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