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Who Looted the Social Security Trust Fund?

January 25, 2005

The Institutional Risk Analyst does an excellent job of exposing the massive financial fraud known as Social Security. By connecting the financial dots, the article demonstrates that the government has effectively invested public pension funds in its own debt - something no private firm is allowed to do. The commingling of Social Security trust funds with the Treasury's general fund has enabled politicians to "borrow" (spend) the surplus Social Security funds.

"The misappropriation of surplus funds from Social Security and other dedicated federal trust funds is an act of malfeasance that dwarfs the tomfoolery seen with Enron, Fannie Mae or WorldCom, yet it is rarely discussed or even acknowledged."

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