In trying to scare Americans about their Social Security checks not arriving in August, Barack Obama told the truth for the first time in his life. Social Security is a giant government-run Ponzi scheme. Your money has already been spent by the politicians in Washington.

John Hayward, writing at Human Events:

President Obama has performed one very important service for his country during the debt ceiling negotiations: he has utterly and forever shattered the myth of the Social Security "lockbox."

Shattering the Social Security Myth - HUMAN EVENTS