Social Security “is being used as a piggy bank” for the U.S. government as retirees are asked to “pay the price for the excess of Wall Street.”

“We don’t have the courage to reduce spending so we increase taxes,” the approach politicians use “every time we get into a deficit situation.”

The first observation was from former Democratic Congresswoman Barbara Kennelly of Connecticut, now a lobbyist for senior citizens. The other is from Arizona’s Jon Kyl, the second-ranking Republican in the Senate.

These charges share commonalities: They were made in opposing the creation of an advisory bipartisan panel to make deficit-reduction proposals, and substantively range somewhere between hyperbole and distortion.

More and see our related coverage

Is this merely a play to resurrect the Bush proposal to channel the Social Security Funds to Wall Street? 

More

HERE and

The Coming Obama Retirement Trap Has Started!

www.ronaldholland.com/retirementtrap.htm

Also

Social Security is Short of Funds Because Politicians Spent It

Fund should have $3.7 surplus in 2018 from what baby boomers have paid

seniorjournal.com/NEWS/SocialSecurity/5-03-21SSFundsSpent.htm