Thread: BOGUS: Crucial SS reform conveniently left out of 2012 federal budget....

Predictable, the left clings to one of the biggest pieces of economic recovery crippling pork and tries to hide, and use fuzzy math to keep it from the chopping block.


By Sean Lengell
The Washington Times

Despite President Obama’s promises to lower the deficit and rein in spending, there was a conspicuous omission from his 2012 budget blueprint that many say would go a long way toward easing the nation’s financial woes: Social Security reform.

The White House and top congressional Democrats argue that Social Security isn’t contributing to the nation’s deficit. Others say that’s nonsense and accuse Democrats of using fuzzy math to justify their claim.

Social Security reform looms with or without Obama - Washington Times

Originally Posted by Babba

What does SS have to do with the deficit?

......Yea.....you gotta be joking.....cuz no one can be this dense.....there's just no way......

Originally Posted by Babba

That's just what I was thinking about you. Answer the question, please.

........I still say you gotta be joking........

Do you really need a deficit 101 class? As what happens when SS pays out more than it takes in, the subsequent IOU's, red ink, and its effect on the deficit all are class study starters. So this this Jackass LIE:

Senate Majority Whip Richard J. Durbin, Illinois Democrat, and Sen. Charles E. Schumer, New York Democrat, appeared separately last week on Sunday morning news programs to say Social Security doesn’t add “one penny” to the deficit.

Their view isn’t universally accepted.

“It’s false, period,” said Douglas Holtz-Eakin, former director of the nonpartisan Congressional Budget Office (CBO) and now president of the conservative-leaning American Action Forum. “It’s spending more in benefits than it takes in in payroll taxes, period. And that’s a very simple fact.”

Michael D. Tanner of the Cato Institute agreed that the two Democrats were wrong to say the program wasn’t running a cash-flow deficit.

“If you [borrow from] the Social Security Trust Fund, you have to redeem the bonds in the trust fund. Well, those bonds are redeemed from general revenue, which means you’re spending money you don’t have,” he said.

You sir, need to go back to school.

Originally Posted by Babba

What does SS have to do with the deficit?

besides nothing, and more nothing, not much !!!

Originally Posted by Stefan Bandera

besides nothing, and more nothing, not much !!!

^^This is now 2^^, 2 sad posters I must assume are victims of our failing public schools. You both have my condolences..........

First of all, I'm not a sir.

Second, SS funds itself. The Fed has been borrowing from it. SS runs a surplus. Granted, in 30 years or so it will only be able to pay out about 75% of benefits (because we keep borrowing from it), but if we simply raise the cap on SS taxes collected, the problem will be solved for about 100 years. Would you ever require a business to offer a budget for 100 years out? I think not, so get of SS's back! It contributes nothing to our deficit. As a matter of fact it helps with the deficit since our congress sucks money out of it for non-SS stuff.