Maybe this post will explain to some uninformed Americans that Social Security is a SELF FUNDED government program, and as such, is not related to the deficit…..if they could read & comprehend. Thank you The Fifth Column for this information.
Originally posted on The Fifth Column:
This information is vital when debating right-wingers who blame a large part of the deficit on Social Security…
“Social Security has not added one penny to the deficit.”
— Sen. Richard Durbin (D-Ill.), Nov. 27, 2012
In 2011, we evaluated a similar statement about Social Security and gave it a relatively rare rating — “true but false” — which seemed to please no one. Yet as the “fiscal cliff” negotiations have heated up, Democrats have once again been using this talking point to shield Social Security from the chopping block.
Durbin, to his credit, in a speech to the Center for American Progress this week, acknowledged that Social Security’s long-term financing is an important issue that cannot be deferred. He advocates creating a commission that would separately address how to ensure 75 years of solvency to the program. So we don’t mean to pick on…
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