President Obama has performed one very important service for his country during the debt ceiling negotiations: he has utterly and forever shattered the myth of the Social Security “lockbox.”
Back when Social Security officially went bankrupt in January, there was a panicked flurry of editorializing from liberals who hastily assured their nervous brethren that it wasn’t true. Social Security was fine, all kinds of money piled up in the vault, nothing to worry about. I got the occasional email from people gullible enough to believe that.
As recently as March, Senate Majority Leader Harry Reid angrily told reform-minded Republicans to “back off Social Security” because “it’s in great shape for many decades. Let’s worry about Social Security when it’s a problem. Today it is not a problem.”
But last Tuesday, President Obama said, “I cannot guarantee that [Social Security] checks go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers to do this.”
In other words, Barack Obama just called Harry Reid a miserable, stinking liar. Or a doddering imbecile. Take your pick.
This is a very important point to drive home. There is no Social Security trust fund. There never has been. All money given to the State will be spent by the State, immediately, and then it will spend some more. Nothing is “saved” or “protected.”
Attention senior citizens: what Obama is saying, by making this threat, is that all your lovely Social Security money is his to spend right now, as he sees fit. He may decide to spend it on other things, which will leave no funds for the Social Security checks you depend on.
What other things could he choose to spend it on? In today’s Wall Street Journal, Karl Rove gives us a list of spending priorities that are “off the table,” and therefore more important to Barack Hussein Obama, than your Social Security check:
The president has made a bipartisan agreement even more difficult by declaring certain spending off-limits to cuts. Mr. Obama’s “untouchable” list includes his $1 trillion health-care reform, $128 billion in unspent stimulus funds, education and training outlays, his $53 billion high-speed rail proposal, spending on “green” jobs and student loans, and virtually any structural changes to entitlements except further squeezing payments to doctors, hospitals and health-care professionals.
Seniors, you have been lied to, shamelessly, throughout your long working lives about what Social Security is. The President of the United States just confirmed it, absolutely and indisputably, on videotape.
I live in Florida, so I speak from first-hand knowledge when I say that senior citizens are solid citizens. They pay attention to the issues, they organize, and they vote. Send this article to every senior citizen you know. Spread the word. Tell them Barack Obama just made every last one of them an honorary member of the Tea Party.