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re: Do any of the libs here have any facts of the evil of the koch brothers?
Posted on 4/3/14 at 8:09 am to mauser
Posted on 4/3/14 at 8:09 am to mauser
Dumbfricks are going to dumbfrick down the parade route of idiots. Compare your list to those of unions and other left leaning groups for a comparison for their beliefs and the quantity of money spent by them and you will find out the truth about who throws more money around. Social Security is going broke because Democrats (my bad that should fifty not forty)years ago started taking the money from it and spending it in the general fund budget, never have the "loans" been paid back in that time.
This post was edited on 4/3/14 at 8:29 am
Posted on 4/3/14 at 8:16 am to CITWTT
You don't think the Greenspan / Reagan years had anything to do with Social Security going broke? I remember reading through the transcripts of Carter / Reagan debates...
Q: How much longer can the young wage earner expect to bear the ever-increasing burden of social security?
REAGAN: The social security system was based on a false premise, with regard to how fast the number of workers would increase and how fast the number of retirees would increase. It is actuarially out of balance, and this first became evident about 16 years ago, and some of us were voicing warnings then. Now, it is trillions of dollars out of balance, and the only answer that has come so far is the biggest single tax increase in our Nation's history, the payroll tax increase for social security, which will only put a band-aid on this and postpone the day of reckoning by a few years at most.
CARTER: As long as there's a Democratic President, we will have a strong and viable social security system. Although Gov. Reagan has changed his position lately, on four different occasions he has advocated making social security a voluntary system, which would, in effect, very quickly bankrupt it.
Another Reagan quote, while gunning for the Republican nomination... "One of the failures of Social Security as a pension program is that the funds do not grow. They are not invested as they could be in the industrial might of America. Certainly a portion of this money could be invested in the economy and grow as it does in other pension funds."
Q: How much longer can the young wage earner expect to bear the ever-increasing burden of social security?
REAGAN: The social security system was based on a false premise, with regard to how fast the number of workers would increase and how fast the number of retirees would increase. It is actuarially out of balance, and this first became evident about 16 years ago, and some of us were voicing warnings then. Now, it is trillions of dollars out of balance, and the only answer that has come so far is the biggest single tax increase in our Nation's history, the payroll tax increase for social security, which will only put a band-aid on this and postpone the day of reckoning by a few years at most.
CARTER: As long as there's a Democratic President, we will have a strong and viable social security system. Although Gov. Reagan has changed his position lately, on four different occasions he has advocated making social security a voluntary system, which would, in effect, very quickly bankrupt it.
Another Reagan quote, while gunning for the Republican nomination... "One of the failures of Social Security as a pension program is that the funds do not grow. They are not invested as they could be in the industrial might of America. Certainly a portion of this money could be invested in the economy and grow as it does in other pension funds."
Posted on 4/3/14 at 8:24 am to CITWTT
quote:
Social Security is going broke because Democrats forty years ago started taking the money from it and spending it in the general fund budget, never has the "loans" been paid back in that time.
Indeed.
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