One of Them is Lying

Jacob Lew and Barack Obama

You pick which one!

Choice No. 1:

On July 12, 2011, Obama told CBS’s Scott Pelley that if he and the Republicans “haven’t resolved” the budget and debt problem, he could not guarantee that Social Security checks would go out on August 3, the day after the government is supposed to reach its debt limit, “because there may simply not be the money in the coffers to do it.”

Choice No. 2:

On February 21, 2010, in an op-ed for USAToday, Jacob Lew, Obama’s budget director (director of the U.S. Office of Management and Budget), wrote this:

“Social Security benefits are entirely self-financing. They are paid for with payroll taxes collected from workers and their employers throughout their careers. These taxes are placed in a trust fund dedicated to paying benefits owed to current and future beneficiaries. … Even though Social Security began collecting less in taxes than it paid in benefits in 2010, the trust fund will continue to accrue interest and grow until 2025, and will have adequate resources to pay full benefits for the next 26 years.

[Source: Merril Mathews,, July 13, 2011]


Rate this post

Please follow and like us:

Leave a Reply

5 Comment authors
DaveEowynLone WolftinaNoway2no Recent comment authors
Notify of

They both are.

There is no “trust fund” not the way this guy means. The money has flowed to the general fund for over 40 years.

The Posing Resident In Chief (PRIC) spends money for all kinds of things that there is no revenue for so that is BS as well.


criminal enterprise-

Lone Wolf
Lone Wolf

Wadda Guy!!! This is from a former Chicago lawyer now practicing law in Tyler, TX. “This is legit. I check it out yourself at [Stands for Illinois Attorney Registration And Disciplinary Committee.] It’s the official arm of lawyer discipline in Illinois; and they are very strict and mean as Hell. (Talk about irony.) Even I, at the advanced age of almost 65, maintain (at the cost of approximately $600/year) my law license that I worked so hard and long to earn.” (And he lives in TEXAS) Big surprise! The former Constitutional Law Lecturer and U.S. President Makes Up Constitutional… Read more »

Lone Wolf
Lone Wolf

Don’t know whether you guys have seen this or not but a friend e-mailed it to me. god bless.


The SS “Trust Fund” is nothing more than an IOU tucked away in a rusty file drawer somewhere in Virginia.

Congress stole all the money back in the comrade Johnson years in order to buy votes.

BTW: If there was an actual trust fund with actual money in it, why is the Kenyan Muslim commie POTUS from Hell saying there may not be enough money to send out the checks?


And any American that still believes a trust fund exists should be stricken from the voter roles.