Timing Couldn't Be Worse

We know Social Security has no money in the bank. It SHOULD....but the Federal government took it long ago and replaced it with I.O.U.'s

So really....it just has paper promises.

This year, with receipts coming in that are crashing....coupled with benefit requests that are increasing....the S.S. system is looking to cash in those I.O.U.'s

And there lies the problem. The Federal Government doesn't have any money to pay the I.O.U.'s

The timing couldn't be worse.

PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It's time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.

Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.

Now...check out the prophetic tone here;

"This is not just a wake-up call, this is it. We're here," said Mary Johnson, a policy analyst with The Senior Citizens League, an advocacy group. "We are not going to be able to put it off any more."

"Those bonds are protected by the full faith and credit of the United States of America," Kennelly said. "They're as solid as what we owe China and Japan."

Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse.

See it all here; http://news.yahoo.com/s/ap/us_social_security_ious

Jesus said that we should only have faith in God. When did we start ignoring His words and start believing that faith in the U.S. government financial system trumped faith in God??