Cenk's "Liberal Demagoguery On Social Security" | 32 comments (32 topical, 0 hidden)
What does all of that have to do with... (none / 0)

social security?  Other than the fact that part of social security and medicare is paid from the general revenues.  You could just as easily blame excess defense spending for the frittering away of the money.

Whether or not the Bush tax cuts had a positive effect or a negative one is meaningless for social security.  The government has always including their revenues in the general budget to understate the true deficit.  The government uses cash accounting, not accrual accounting.

Don't waste your vote, vote Green or Independent in the next election.

by mcamelyne on 09/14/2010 10:14:33 PM EST

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full circle (none / 0)
that has been my point all along...it was not supposed to be that way. Greenspan and Regan pulled a fast one way back in the 1980's after the plan was put in place. After Clinton balanced the budget (+/-)Gore wanted to fix it, but lost. Then Bush spent all the money, most of it going to rich people living on paper trading who don't pay into the system to begin with.

Greenspan and Bernanke are ideologs who took academic theories with very strict boundary conditions and unleashed them on the world gutting what few boundary conditions (regulations) were in place along the way. They have been using the fed to cover the flaws in their ideology ever since.


by sisco66 on 09/15/2010 06:42:37 AM EST

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Cenk's "Liberal Demagoguery On Social Security" | 32 comments (32 topical, 0 hidden)