Soc. Security solvent? P. Schiff debates pro S.S. Republican

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Uploaded by on Oct 19, 2010

Dan Debicella was the guest on 10/19 show and tried to say that Social
Security was solvent until 2037, but then Schiff got him to admit that
the government has to borrow all the money it pays for Social Security.
Therefore, Social Security is NOT solvent and is just a Ponzi welfare
scheme and a socialist redistribution of wealth

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This video is a response to NPR - Social Security "Trust Fund" is a lie
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  • Social Security is not solvent. New congressional estimates say the trust fund that supports Social Security disability will run out of money by 2017, leaving the program unable to pay full benefits, unless Congress acts. About two decades later, Social Security’s much larger retirement fund is projected to run dry as well. It's time to REFORM ALL GOVERNMENT ASSISTANT PROGRAMS NOW -- ELSE WE LOSE THEM! How about the first step to get millionaires off SS and Medicare? And I'm GOP!

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