I hear this argument again and again from the right, I don't know if they are just dense or dishonest, "We spent the Social Security Surplus" The Republican, x-governor of New Mexico, on the show today said the same thing. BS! The money in the SS trust fund was not spent, it was invested, it's not worthless IOU's; in reality a ten dollar bill is an IOU, a share of Microsoft is an IOU, a mortgage is an IOU. Billions in Treasury bonds are held by the rich are IOU's, do you think they would have them if they were worthless, they are backed by the same thing the SS "IOU's" are backed by, America.
Think about ING, where my company has it's 401K, what if ING's management raided the money to to give themselves billions in raises and benefits, to the point, that there was not enough to pay me and my coworkers INVESTMENT back. They would say Microsoft stock held at ING has no value, just worthless IOU's, but at the same time Microsoft stock held outside of ING, by the wealthiest, is just fine. Would you be OK with it? Apparently, if you're on the right you would be. I personally think they should be tossed in jail for the rest of their lives and everything they own turned over to the people they wronged. Those tax breaks for the rich, that the rich paid all those lobbyist and politicians and buying of supreme court judges to get? They are robbing us, our children and grandchildren blind.