Perry is STILL right: Social Security is a loser

[Danzig]

something i found regarding ss, and borrowing by the fed:


Another argument made by Social Security opponents to raise fear about the national debt is how much our government has borrowed from China. They never mention how much our government has borrowed from Social Security. In fact, the government has borrowed more from the Social Security surplus than it has from any other source in the world, including China. As a result, Social Security now "owns" nearly 18 percent of the federal debt, making it the largest single holder of US debt. The government owes almost twice as much to Social Security as it does to China and Hong Kong.


now, those saying we should privatize ss, or do away with it, are incorrect. i completely disagree with that assertion. failure of the fed to properly handle our overall budget isn't an indictment of the ss program. they are not mutually inclusive. borrowing from ss doesn't mean the program is a failure, it's an indictment of the overall thought processes of our politicians in washington.