Dick Durbin has a love affair with Social Security. How else can one man continuously defend Social Security and mislead the country about its insolvency? He incessantly claims that Social Security does not add to the deficit. What he doesn’t tell you is that is he specifically and purposefully excludes accounting for the billions in promised future payments to workers.
And consider this: A company or organization earns $100.00 but spends $200.00. It only has to pay $100.00 now, while the other $100.00 is due for payment in the future. The question then becomes – to what extent is there an obligation to account for a method of repayment, should you have no money to do so? This is the very situation that Social Security is in. In contrast, the SEC is very explicit in saying that any company which tries to avoid accounting for obligation repayment will be considered to have issued a dishonest financial report.
Yet this is exactly what Durbin has been saying for years – when will he be brought to justice and held accountable for his outright lies?