Category Archives: Congressmen on the issues

Money Morning: “The Social Security Trust Fund is Just a Stack of IOUs in a West Virginia Filing Cabinet”

“Over the years, different presidents have been accused of “raiding” the Social Security Trust Fund…but that’s understating what’s actually happened.

The truth is, every president since Franklin Delano Roosevelt has overseen this “borrowing” from the Social Security Trust Fund.”

This article by David Zeiler at Money Morning revisits President George W. Bush’s 2005 statements following a trip to Parkersburg, WV to see a little filing cabinet.

That little filing cabinet, he said, contains “the retirement security for future generations.”  And it’s filled with nothing but IOUs.

Congresswoman Marcy Canter Warned About The Raid Of The Social Security Trust Fund 15 Years Ago

“The truth is that House Republican leaders have turned their back on America’s senior citizens and are raiding billions every day from our Social Security trust fund. …The total raid has run now to over $235 billion. That averages out to about $837 for every single American who will qualify for Social Security. When I… Continue Reading

Washington Examiner: “Massie wants to eliminate taxes on Social Security income”

According to Representative Thomas Massey of Kentucky in today’s article at the Washington Examiner, it comes as a shock to many senior Social Security beneficiaries that their Social Security benefits are being taxed…twice: “Most people don’t even know this happens…When they passed it there weren’t many squeaky wheels.” Rep. Massie is the sponsor of the… Continue Reading