I.O.U.S.A. Bonus Reel: Deficits and Social Security

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Watch IOUSA: Byte-Sized - The 30 Minute Version: at http://iousathemovie.com or http://www.youtube.com/watch?v=O_TjBNjc9Bo

You can now own I.O.U.S.A. on DVD! The newly released DVD, with 125 minutes of bonus material, now enables even more concerned citizens to learn about the state of our countrys finances and take action!

Available at a local retailer or online at http://www.shoppbs.org/product/index.jsp?productId=3445713 and at http://www.amazon.com/i-o-u-s-David-Walker-Peterson-Foundation/dp/B001P9G3HE/...

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[LibertyOrBust]

This shows clearly how the government has OUTRIGHT STOLEN from Americans since the day Social Security was implemented!!

I said STOLEN and I mean it! What is it but THEFT? You can say "help cover other bills" but what that really means is "stole from the future to pay for other government waste we would not want to burden current taxpayers to pay for"

This is how all socialism dies. America is not immune.

[thedevilisbad]

The facts aren't liberal or conservative, they're facts. As a moderate conservative I'm ashamed of how unwisely we've spent money. As a Christian I'm ashamed on how we spent money. I encourage believers not to align with the republicans just because they say they're conservative, find a responsible candidate who knows what they're talking about, and then acts on what they believe.

[mortekami]

@SSgtParmer Notice how when you look at the graph there wasn't really any budget surplus without having to pilfer money from social security.

[the1mage]

Our politicians have proven time and time again that they will spend any amount of money to keep themselves in power. Since the U.S. people won't stop it, the only hope we have is if the world determines our economy is "too big too fail".

[NateCrisman]

@Unclesamslair

That is in effect your left pocket writing an IOU to your right pocket. They funds are still coming from the same place, the USA taxpayers.

[ajpmathwiz]

@kickittome70 50 years.

[threebobs]

@ Unclesamslair

Well, yes, there will be consequences for investing in a violent monopoly. But people will never get all of their value back no matter what. The only way that people in 2030 will get their money back will be in inflated worthless dollars.

We need to look beyond the coming disaster and start thinking about preventing this stuff for our grandchildren. Short-run "philosophy" got us here. Long-run thinking is the only prevention. And a pure market is the only solution imho.

[Unclesamslair]

turns out the social security surplus isn't just spent on other things. It's borrowed at an interest rate to the US government who then has to pay it back to the social security with interest. SO in other words the deficit already includes the money that we borrow from the social security surplus and so stacking it on top like that to make the deficit look larger is false and misleading.

[Unclesamslair]

well, yes but there's a bunch of people with us treasury bonds who paid for them and are expecting a return on that investment, do you have any idea of what the economic impact of ending the state and not paying back all those treasury bond holders their money would be?

[threebobs]

@ Unclesamslair

I'm speaking of a long-run solution to the inevitable financial disasters that a state brings.

Give one group of people the right to take money by force and you have a guaranteed rip off in the making.

[Unclesamslair]

@threebobs and who will pay the debt?

[Unclesamslair]

wait, I thought social security was broke, but it's actually running surpluses and helping pay for large parts of the budget?