Bill McKee wrote:
"John R. Carroll" wrote in message
...
azotic wrote:
A report from the Congressional Budget Office shows that for the
first time in 25 years, Social Security is taking in less in taxes
than it is spending on benefits.Instead of helping to finance the
rest of the government, as it has done for decades, our nation's
biggest social program needs help from the Treasury to keep benefit
checks from bouncing -- in other words, a taxpayer bailout.

Social Security will be $28 billion in the hole this fiscal year,
which ends Sept. 30.



http://money.cnn.com/2010/02/02/news...tune/index.htm

Exporting jobs finally shows results...............

Hey Tom, this was known to be on the horizon.
The Treasury doesn't need to help anyone because the huge surplus's
will now
be used, as intended, to cover benefit payments.
The downturn in our economy has certainly reduced revenues, and that
needs to be adressed but SS will NEVER, and isn't able to borrow
money. Taxes can
go up and benefit payments can be reduced but that's about it.



SS can not borrow money, but they can require the General Fund of the
US government to start repaying the IOU's it gave SSA for all the
extra money that SS had over the years.

No, they can't.
They can't require anything.
See my response to Wes.


--
John R. Carroll