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Fox news presents, with all the trappings of sobriety and firmness of conviction, a story warning that lower Social Security taxes might “jeopardize the retirement program’s finances.”

What a laugh. The featured liar, Rep. Earl Pomeroy (D-ND), chairman of the House Ways and Means subcommittee on Social Security, insists that Social Security taxes “ought to be held sacrosanct.” What he doesn’t reveal is that he and his bipartisan band of robbers have looted every cent from the “sacrosanct” Social Security “Trust Fund” since the day it was created and spent it on themselves, their friends, and their pet projects. A senate staffer finally found that elusive “Trust Fund” in the 1980s: it was a piece of paper stuck in the drawer of a GS-11 government bureaucrat in West Virginia. Every year, a new number was entered under last year’s. No money, of course, since the Pols had spent it already.

To put it another way, it’s impossible to “jeopardize” the retirement program’s finances, because there aren’t any. They’ve been looted and plundered, and the public has been bamboozled, by the Political Ponzis.

My father used to tell his law students, beginning in 1922, “if you tell the first lie, you may as well tell the rest.” Nowadays, virtually every politician has to lie about Social Security as a price of admission. The results — and the rest of the lies — are predictable.

1:03 pm on December 12, 2010