Since its inception in 1935, all funds collected that weren't disbursed to beneficiaries each year were converted into federal IOUs known as special-issue Treasury bonds. By law, the fund could do nothing else.
--Will Send 60 Busloads of Kids with Meals And T-Shirts to Anti-Gun March
Right now, the U.S. government is operating in the negative on every front: it's spending far more than what it makes (and takes from the American taxpayers) and it is borrowing heavily (from foreign governments and Social Security) to keep the go
On February 19, I published a commentary about how the federal government couldn't account for $21 trillion and how the General Accounting Office concludes year after year that the nation's books are "not trustworthy" and not in compliance wi
US president reported to be seeking display similar to Bastille Day celebration in Paris
--And They're Forcing Us to Pay For It Both Congress and the Department of Homeland Security have never justified the biometric scanners at airports that could cost Americans $1 billion in 2018.
Republican Sen. Rand Paul claimed Saturday that the U.S. has spent around $300,000 to fund a clown school in Argentina.
With President Obama and House Speaker John Boehner trying to find a middle ground that minimizes the damage the Fiscal Cliff would do to the economy, cuts to military spending must be on the table.