PJ Media » Social Security’s Implosion Continues

An indicator of just how seriously the federal government’s financial situation has deteriorated combined of course with the establishment press’s clear desire to emphasize “news” which might assist Dear Leader’s reelection effort is that the dismal 2012 report released by the Social Security system’s trustees on April 23 received little attention. Viewed through that perverse prism, cash deficits which “will average about $66 billion between 2012 and 2018 before rising steeply,” even before considering the $110 billion or so taken from “general non-existent revenues” during 2011 and 2012 to make up for the payroll tax cut, pale in comparison to the importance of higher priorities — like working up a 5,400-word report riddled with errors and distortions on what Mitt Romney was doing when he was a teenager.

via PJ Media » Social Security’s Implosion Continues.

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