Pelosi Says Raiding Social Security Helps Solvency!

Andrew Roth

You can't make this stuff up, folks. From Congress Daily ($): bq. Minority Leader Pelosi today defended the practice of the Social Security system lending money to the federal government, saying the interest paid by the government on the loan helps keep the system solvent. "There's nothing wrong with Social Security lending money with the prospect of returning it," Pelosi said. "There is a surplus in Social Security, and under the law Social Security can lend that money to the government for other purposes with the idea and the requirement that that money be paid back to the Social Security Trust Fund with interest," she said. "And the 'with interest' is part of the income to the Social Security Trust Fund which makes it solvent until 2052." [emphasis added] If you are a conservative blogger, link to this immediately! We know the Mainstream Media isn't likely to report it.
Posted by Andrew Roth on June 24, 2005 4:59 PM to Social Security Choice