EDITORIAL - Millions of Americans in states like California, Illinois and Kentucky are already in peril because of the horrendous government mismanagement of teacher's and state worker's retirement money. Americans are in further peril because we will face severe hardship in this country if the long-term path of our Social Security program continues. Our government leaders must take steps to resolve the road Social Security is on. We must pay back what has been borrowed from the fund and stop buying trillions of dollars in Treasury securities that we cannot pay back to ourselves.
We are the biggest owners of our National Debt. America owes 20 trillion dollars. Our Social Security Trust Fund or our retirement money owns a big chunk of the national debt.