US: Social Security to start cashing Uncle Sam's IOUs

Social Security to start cashing Uncle Sam’s IOUs ->

I think this is a few years earlier than predicted when this particular ponzi scheme was put together back in the '80’s. If I remember correctly the original net payout date was suppose to be in 2012 or 14, and according to the naysayers, would grind to a halt by 2020. That was in a Regan era NY Times article so I might be off a year or two.

If the Bond Vigilantes strike on schedule in 2012 then there should be a god almighty social security crisis by 2015. That is going to be real fun as the boomers realized that they have not only pissed away their 401ks and home equity but the SS fund as well over the last 20 years by their irresponsible voting habits.