Liberal Social Security Lies Exposed

Many liberals, from the likes of President Obama, Harry Reid, Shelly Berkley to bloggers like that fool over at Desert Beacon and of course, their sheeple, have promised us that Social security was not only solvent but was in such good shape that it would be solvent for decades to come.
But this latest debt limit debacle blows a hole into their fairy tales.
From the Washington Examiner:
I cannot guarantee that those checks go out on August 3rd," President Obama warned CBS Evening News viewers about Social Security Tuesday night. "There may simply not be the money in the coffers to do it." But how can that be? Haven't Washington's professional politicians been telling us for decades that Social Security is in no danger of bankruptcy because of those trillions of dollars supposedly just sitting there in the Social Security Trust Fund? Why can't Obama use the money in the trust fund to cover the Social Security checks due to be sent out Aug. 3?
The reality is that the Social Security Trust Fund is, and always has been, an accounting fiction. For almost all of Social Security's history, the amount of money the program received from payroll taxes has exceeded the amount of money it paid out in benefits. The excess revenues, by law, are "invested" in special-issue, nonmarketable Treasury bonds. These bonds are marked on the government's balance sheet as "assets" of the Social Security program, but they are also counted as debts owed by the U.S. government. In fact, $2.6 trillion of our $14.3 trillion debt consists of bonds owed to the Social Security Trust Fund.
So what did the professional politicians in both parties do with the trillions of dollars lent to it by Social Security over the years? They spent it. That money is long gone. In order to pay off its Social Security obligations and fund benefit payments, the federal government must either use general tax revenue or borrow more money. The latter option, however, will soon no longer be available, thanks to the debt ceiling crisis.
Read more at the Washington Examiner: http://washingtonexaminer.com/opinion/2011/07/debt-crisis-punctures-social-security-trust-fund-myth#ixzz1SFjoetac

It's too bad that we cannot recall Harry Reid from the Senate based on his blatant lies about Social Security and his evilness by joining in Obama in scaring the elderly, disabled and school children and their parents regarding payments on August 3.
But if there is a debt crisis and checks are not sent out, I'd be willing to bet that Reid and his staff will still collect paychecks. How come Reid doesn't mention that federal bureaucrats won't get paid? Maybe because Reid is using the disabled, elderly and the poor for political gain. How evil is that?