During last night's Republican debate, one of the highlights was Chris Christie's comments on Social Security:
I mean, let me be honest with the people who are watching at home. The government has lied to you and they have stolen from you. They told you that your Social Security money is in a trust fund. All that's in that trust fund is a pile of IOUs for money they spent on something else a long time ago.
And they've stolen from you because now they know they cannot pay these benefits and Social Security is going to be insolvent in seven to eight years. We're sitting up here talking about all these other things; 71 percent of federal spending today is on entitlements, and debt service. And, that's with zero percent interest rates.-RW