Bachmann's Fear-Mongering About Social Security - The Truth-O-Meter Says: "False"

Politifact Texas:

Bachmann says Social Security is running a deficit and borrowing from the general treasury

While Republican delegates chowed down on beef brisket at the Republican Party of Texas convention in Dallas, U.S. Rep. Michele Bachmann of Minnesota sounded a stomach-turning note.

“Social Security, like I told you, is out of money,” she said in her June 11 keynote address. “This year it is borrowing from the general treasury.”

... skip to the verdict:

Upshot: Bachmann may have a point in calling Social Security payroll taxes — a component of the program’s trust fund — “our cash cow.” Yet when she claims in the same breath that Congress has spent “every dime of Social Security money,” she’s wrong.

Social Security isn’t yet out of money, nor is it borrowing from the general treasury, as Bachmann says. According to the latest projections, the “cow” won’t run dry until 2037.

We rate her statement as False.

Bachmann's record at Politifact is abysmal - 6 statements "False" and 4 "Pants on Fire".

As posted earlier, here's Bachmann fear-mongering about Social Security and Medicare: