Comments on: Protests near (Social Security) and far (AIPAC)

By: John W.

John W. — Thu, 08 Mar 2012 03:01:10 +0000

Even though SS is self-funded through the payroll tax, it does contribute to current and future deficits in that the general fund must borrow money to pay off the Treasuries in the Trust Fund — to repay the money that was borrowed from payroll tax surpluses. Once those IOU’s have been cashed in by Social Security (about Year 2036), SS will not be able to pay out more than it takes in in payroll taxes, which will be sufficient to cover roughly 75% of scheduled benefits. There’s no argument about that reality. Adjustments of one kind or another will have to be made. However, the unspoken debate seems to be whether or not those IOU’s will be fully honored, since not doing so would be one way of reducing the national debt.

By: Elwood

Elwood — Thu, 08 Mar 2012 02:54:37 +0000

“Peaceful,Old Fashioned Righteous POWER”

Can you say peaceful, old fashioned righteous bankruptcy?

By: MamaBear

MamaBear — Wed, 07 Mar 2012 23:39:36 +0000

An extra large gathering of Save Social Security Advocates greeted Mr. Simpson and Mr Bowles last night. In no uncertain terms, they let it be known, they won’t give up or be dismissed or go away. They are Saving Social Security and Medicare for their children and grandchildren. Peaceful,Old Fashioned Righteous POWER

By: RR, Senile Columnist

RR, Senile Columnist — Tue, 06 Mar 2012 17:40:52 +0000

How nice of you to keep us abreast of hardworking activists and their doings. Maybe the sweethearts who traveled to DC will get back in time to take up Sandra Fluke’s martyrdom as their next cause.