Comments about ‘Social Security surplus dwarfed by future deficit’
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Congress, the keepers of our monies knew this years ago when they started the depletion of those funds that were taken automatically from people's earnings in multiple decades led Democrat U.S. Senate and House of Representatives. Many of those elected men and few women knew that they would be dead before the nation's seniors would come to the tills and request their due payments from a lifetime of forced withdrawals of salary to pay into the system. Many have not paid into the system and get benefits from disabilities to retirement and everyone that has paid into the system is paying for these people and a Congress that took money from Peter to pay Paul. Thank goodness that President Bush II and Congress had enough foresight with the information they obtained and didn't take away the system as it is for a 401K type of system, as we would really be in trouble for 100s of years, not just the moment. Our children need a Congress and a President that want to spend us into delirium for now and forever. Europe has been warning us for several years and some are givers but many are takers.
Been saving this one for a Ryan nomination, have ya?
Why is it that those who sound the alarm about the Social Security surplus being depleted in eleven years aren't even more alarmed about the present deficit? If Social Security is in so much trouble, why do we still allow its trust fund to be borrowed from to pay for program deficits in other areas? If the rest of Federal spending took in as much as Social Security does, we wouldn't be having the tumultuous war of words we have over government spending.
Republicans don't want to talk about that.
Very disingenuous article. There is no surplus now. It was spent replaced by IOU's which the government must borrow to repay now. The constant cover provided to this an previous administrations for by the media is an example of the poor state of the 4th estate.
Craig,
actually Paul Ryan addressed this problem in his budget plan, but he was demagogued to death by the dems who would rather play politics than fix the issue. Where do you get the idea Repubs won't talk about it? MSNBC? (Most Solidly National Barack Channel)
BO called a "blue-ribbon, bipartisan" committee (Bowles-Simpson) to address the issue. They spelled out a plan that would have required political courage to enact by gradually raising retirement ages and similar actions. BO thanked them, then promptly ignored their recommendations.
Reagan (R) and Tip O'Neal (D) put together a bi-partisan plan 25 years ago that bought an additional 20-30 years of life for SS, but the current crop of dems would rather accuse Ryan of pushing granny off the cliff than fix the problem.
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