LETTER TO THE EDITOR: Congress’ spending spree is almost over

What we’re seeing with President Obama’s declaration that Social Security payments may not go out in August is the final act in the Ponzi scheme known as FICA (“Obama: Without deal, no guarantee of Social Security checks Aug. 3,” Web, July 12).

Ponzi schemes always end this way. Taxpayers paid their payroll deductions in cash to the federal government, yet the federal government now claims that the $2 trillion-plus in the Social Security Trust Fund is not in cash and they don’t actually have that money on hand. This should be the beginning of the death throes of socialism, American style.

Mr. Obama and his administration are now desperate to continue the progressive huckstering that has been going on for a hundred years. The righteous stand the GOP has finally taken in saying no is proof that Mr. Obama and his political fortunes are also coming to an end. Thank goodness - no more looting the U.S. Treasury.

AL QUARTARARO

Virginia Beach, Va.

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
TWT Video Picks
You Might Also Like
  • Maureen McDonnell looks on as her husband, former Virginia Gov. Bob McDonnell, made a statement on Tuesday after the couple was indicted on corruption charges. (associated press)

    PRUDEN: Where have the big-time grifters gone?

  • This photo taken Jan. 9, 2014,  shows New Jersey Gov. Chris Christie gesturing as he answers a question during a news conference  at the Statehouse in Trenton.  Christie will propose extending the public school calendar and lengthening the school day in a speech he hopes will help him rebound from an apparent political payback scheme orchestrated by key aides. The early front-runner for the 2016 Republican presidential nomination will make a case Tuesday Jan. 14, 2014, that children who spend more time in school graduate better prepared academically, according to excerpts of his State of the State address obtained by The Associated Press. (AP Photo/Mel Evans)

    BRUCE: Bombastic arrogance or humble determination? Chris Christie’s choice

  • ** FILE ** Secretary of State Hillary Rodham testifies on Capitol Hill in Washington, Wednesday, Jan. 23, 2013, before the Senate Foreign Relations Committee hearing on the deadly September attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador J. Chris Stevens and three other Americans. (AP Photo/Pablo Martinez Monsivais, File)

    PRUDEN: The question to haunt the West

  • Get Breaking Alerts