Episode 367 • • 16:54 - 19:55
367: Hats of State
Social Security Trust Fund Deficit, Federal Bookkeeping Claims
House Resolution 502 contains language stating that the Social Security Trust Fund is currently running a cash deficit and will require $6.5 trillion over 75 years to meet obligations. This admission contradicts previous government assurances regarding the fund's solvency. The deficit is compared to the financial struggles of the U.S. Postal Service, with suggestions that the numbers are manipulated through specific bookkeeping practices to justify policy changes.