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Old 09-09-2011, 10:25 PM
horseofcourse horseofcourse is offline
Santa Anita
 
Join Date: Jun 2006
Location: Idaho
Posts: 3,163
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Quote:
Originally Posted by Danzig View Post
really?

from factcheck:

Social Security and the Deficit

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.

http://factcheck.org/2011/07/debt-li...bate-round-up/
well there you have it, I stand corrected. Let's gut it...get that moolah in the wall street casino pronto!!
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