tag:blogger.com,1999:blog-5548695401579410439.post7382137595002833106..comments2024-01-04T07:05:27.381-06:00Comments on Immigration Talk with a Mexican American: Wake Up TeaPartiers! Wake Up Republicans! Give America a Chance!Deehttp://www.blogger.com/profile/09583438645860375661noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5548695401579410439.post-15910860629321753912011-02-28T14:40:48.450-06:002011-02-28T14:40:48.450-06:00Bad Anon,
You obviously have NEVER studied Econom...Bad Anon, <br />You obviously have NEVER studied Economics!Deehttps://www.blogger.com/profile/09583438645860375661noreply@blogger.comtag:blogger.com,1999:blog-5548695401579410439.post-13614082399012339272011-02-28T14:40:26.676-06:002011-02-28T14:40:26.676-06:00Bad Anon,
All your rant proves is that you believe...Bad Anon,<br />All your rant proves is that you believe the Bunk on Fox and Friends.<br /><br />The reality is:<br />"Social Security has built up a $2.5 trillion surplus since the retirement program was last overhauled in the 1980s. Benefits will be safe until that money runs out. That is projected to happen in 2037 -- unless Congress acts in the meantime. At that point, Social Security would collect enough in payroll taxes to pay out about 78 percent of benefits, according to the Social Security Administration.<br /><br />The $2.5 trillion surplus, however, has been borrowed over the years by the federal government and spent on other programs. In return, the Treasury Department has issued bonds to Social Security, guaranteeing repayment with interest. [Associated Press, 1/27/11] "Deehttps://www.blogger.com/profile/09583438645860375661noreply@blogger.comtag:blogger.com,1999:blog-5548695401579410439.post-23814756090083781682011-02-28T01:21:44.858-06:002011-02-28T01:21:44.858-06:00Social Security ran a ~$40 billion deficit in 2010...Social Security ran a ~$40 billion deficit in 2010 and will be running annual deficits from now on, reaching $150 billion in 2021, the last year in the Congressional Budget Office's 10-year projection.<br /><br />So you're wrong on basic facts. Presumably you, like so many others, are fooled by all the babble about the Social Security "trust fund." But there's nothing in the fund. It's merely an accounting device, "filled" with IOUs. To collect on those IOUs, money has to come from the general treasury, either at the expense of other programs, by raising taxes, or by borrowing more.Anonymousnoreply@blogger.com