WHAT HAPPENED TO THE “LOCKBOX?” Social Security starts cashing in US debt. “We’ve noticed the cash shortfalls at Social Security for more than a year, and now they appear to be permanent. For the first time, the Social Security Administration will start cashing in its IOUs from the Treasury in order to meet its benefits obligations. Unfortunately, the Treasury doesn’t have the cash, either.”
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.