The claim that the Social Security Trust Fund has been looted is bunk.  

"It's full of IOUs." 

No, it's not full of IOUs.   Unless you call a US government bond an "IOU."  By law, the Social Security Trust Fund must invest in US Government securities.  Now, to take that fact and say the Trust Fund has been "looted" to pay for other things is just pure demagoguery.   People are made to think there's a box somewhere and if you open it up, it has a post-it note with "IOU several trillion" written on it.   There's nothing wrong with understanding the accounting, and if you really stretch the concept, the whole economy runs on "IOUs", but the way they describe the Social Security Trust Fund is irresponsible.  

So for Christie to stand up there and tell the American people their money has been "stolen" is an absolute lie. 

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