Comment

Auto Industry Bankruptcy Watch

116
FurryOldGuyJeans5/28/2009 12:39:45 pm PDT

re: #101 jcm

It’s all spent.

Madoff went to jail for doing with investors money what congress does with SS money.

For the history of SS there were more monies coming in than being returned to recipients. Any excess was used to fund other programs with IOUs given. Soon the IOUs will come due and more people get payments than there are payees into the system.