Earlier this week, after more than a month of apocalyptic warnings about the impending fiscal cliff, news broke that the White House and the House Speaker John Boehner are incrementally negotiating a deal. How's it looking, you might ask? If you're looking for answers from the perspective of what is best for popular interests, unfortunately a swelling number of "liberal" opinions are losing their bearings on Social Security, buying into a backdoor approach that could take out over $100 billion in payments to the neediest people -- we're talking widowed grandmas over 90 -- out of the system even though it makes no sense from a policy standpoint.
Since it’s easy to get distracted when talking about the fiscal cliff and the deficit, it’s worth saying upfront: Social Security right now has nothing to do with the deficit. The program is already paid for up through at least 2033, and right now boasts a staggering $1.7 trillion surplus.
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1 comment:
Idiots on both sides of the aisle. I think Boehnerbutt is giving in, then when things go really south, he'll try blaming it on the dumbocrats. Hopefully, Boehnerbutt will lose next time he is up for election!! Prez, foot in mouth Joe, ugly Pelosi & Reed need to set an example by taking a HUGE paycut, followed by Congress taking a HUGE paycut. They are the only FEDS that haven't taken a hit. I think they should set an example, and look at the $$$ that would be saved!
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