"Democratic Rep. Xavier Becerra of California said that he would "fight to take [Social Security] off the table" in budget negotiations, because it "hasn't contributed 1 cent to the deficit that we face today, nor 1 cent to any of the national debt, the $14.3 trillion." We take no position on whether Social Security should be cut, but it's wrong to say it's not contributing to the deficit.
Social Security benefits paid were more than payroll taxes in 2010, leading to a cash deficit of $49 billion. For 2011, the Social Security and Medicare Boards of Trustees project a $46 billion deficit. And those figures don't include the billions more the government will have to borrow to cover that reduction in payroll taxes that was in last year's deal to extend the Bush tax cuts."
Did you see that LAST LINE, "And those figures don't include the billions more the government will have to borrow to cover that REDUCTION IN PAYROLL TAXES that was in last year's deal to EXTEND THE BUSH TAX CUTS."??
Meanwhile back at the ranch, "Sens. Jon Kyl (R-Ariz.), Pat Toomey (R-Pa.) and Rob Portman (R-Ohio) will serve on the commission, Senate Minority Leader Mitch McConnell announced. Reps. Dave Camp (R-Mich.), Fred Upton (R-Mich.) and Jeb Hensarling (R-Texas) will represent House Republicans(in the Super Congress deficit commitee), said Speaker John Boehner. All six Republicans have signed a pledge to Grover Norquist's Americans for Tax Reform that they will not vote to raise taxes." (reported by the Huffington Post)
So you tell me. . . exactly what, or should we ask WHO, IS THE PROBLEM HERE???!!!!
download your
very own copy of
ANOTHER SHOT
by Ray Jozwiak
Please Visit
http://www.rayjozwiak.com
Tweet
