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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 8:16 am to CITWTT
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 8:21 am to todospm
quote:
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...
So, in your view, that "evidence" cited in the transcript is PROOF of your above-quoted premise?
REALLY, dude? This is your idea of a convincing argument?
The statements in the transcript demonstrate that Reagan had concerns about the solvency of the program. Carter dismissed the concerns, conditional upon a Democrat-held White House.
From THAT evidence, you want us to conclude that "Reagan/Greenspan" took actions to accelerate or cause the insolvency of the program????
SERIOUSLY? You are a mental midget, dude. You have no capacity for rational thought, analysis or critical thinking. You should stop for the day and come back tomorrow.
This post was edited on 4/3/14 at 8:23 am
Posted on 4/3/14 at 1:23 pm to todospm
When did Dems take control of all of Congress(the answer is the mid fifties)? When did the Republicans win control of one branch of the whole? (The mid 80s is the answer). The Congresses House side is given the duty of controlling the budget for everything and the Republican won control of it with Newt in '94 on both sides off the body(House and Senate). The only response available to a President was a veto which would have been without doubt overruled by the Democrats.
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