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twitterLetter: Social Security surplus spent by government
Thursday, Oct. 17, 2002 | 9:04 a.m.
Congressional candidates Jon Porter and Dario Herrera are trying to make points by arguing how to best invest the Social Security surplus.
I gagged recently when one of them stated that the federal government has been and always will be the best possible decision maker for such investments.
Because of the federal government there is no surplus.
Since 1936 the federal government has spent every dollar of the $5 trillion that has been paid into the Social Security fund.
The privatization issue is a red herring to distract from that fact.
LARRY JOHNSON
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