"In treating Social Security like a slush fund, the federal government has borrowed, spent and vowed to pay back the $2.5 trillion or so “surplus” in payroll tax revenue it has siphoned out of Social Security. The money has been spent but the federal government has promised to pay it back."
--Tim Geithner, President Obama’s first Secretary of the Treasury
All lies are bad, but some lies do more harm to the livelihood of American civilians than others. Probably, the biggest lie, which most severely hurts millions of Americans, involves the true status of the Social Security system. The harsh truth is that the government, over a 30-year period, has taken and spent every dollar of the $2.7 trillion in surplus Social Security revenue which was specifically earmarked for paying benefits to the baby boomer generation. There are no plans to repay the money. The money was taken without the knowledge, or the permission, of the public.