It's amazing to me how the Prez is absorbing ALL the incoming flak on excess spending and growing deficit when he doesn't have to. Apparently, the left is missing one of the LARGEST, most OBVIOUS reasons for the increasing deficit. I'm here to help my lefty buds set things right. The DEMS and Obama are not CAPABLE of defending themselves on this point. Because to do so -- would blow up one of this generations' biggest fantasy concoctions..
The fantasy is the Social Security Trust fund. Now -- I'm not gonna go thru 46 more pages of USMB debate on the FACT that there is NOTHING in the Trust that can PAY FOR benefits. The SSA, the CBO, and the Treasury all say the same thing (in fine print).
If you want to lose that argument again -- I'll provide links to previous threads where you can do so like -- http://www.usmessageboard.com/3797463-post1.html
When Obama came into office, SS was still running $40B to $50B surpluses which Congress was stealing and putting into the general fund. Since then, Social Security has gone into deficit. About $40B to $70B is the annual shortfall which DOES NOT come out of the Trust Fund. It's new spending and new debt. So the bottom line balance is that Obama has inherited the Soc Sec debt crisis come early. There is about a $100B DIFFERENCE in Fed income balance. In washington speak, that's a $1TRILL increase in debt over 10 years. AND it's growing.
Especially now since Obama is funding his "working class tax break" by stealing from the yearly SS premiums..
So why can't the left defend this aspect of considerable spending that really ISN'T Obama's fault at all?
Because to do so would cause immediate pitchfork parades upon DC when the admission is finally driven home that the SS TrustFund is empty. A propagated myth of accounting is stopping the discussion of the REAL ISSUES...
And so is the life of partisian in politics. From where I sit -- all I can do is encourage both sides to abandon fantasies and discuss realities.
I've tried to help my REP buds defend the decision to invade Iraq, but THEY CAN'T do that because to admit to the truthier version of events would be admitting that Washington policy on Iraq FAILED for at least 25 years prior to the invasion..
MUCH of the increasing deficit is NOT OBAMA'S fault. , but he CAN'T defend it without causing riots and copping to SS problems.
Obama INHERITED the much expect "Entitlement Crisis". It arrived about 8 years early unfortunate for him.. Stop lying about SS Trust Fund fairies, stealing from SS premiums and start defending Prez and fixing the damn problem...
The fantasy is the Social Security Trust fund. Now -- I'm not gonna go thru 46 more pages of USMB debate on the FACT that there is NOTHING in the Trust that can PAY FOR benefits. The SSA, the CBO, and the Treasury all say the same thing (in fine print).
If you want to lose that argument again -- I'll provide links to previous threads where you can do so like -- http://www.usmessageboard.com/3797463-post1.html
When Obama came into office, SS was still running $40B to $50B surpluses which Congress was stealing and putting into the general fund. Since then, Social Security has gone into deficit. About $40B to $70B is the annual shortfall which DOES NOT come out of the Trust Fund. It's new spending and new debt. So the bottom line balance is that Obama has inherited the Soc Sec debt crisis come early. There is about a $100B DIFFERENCE in Fed income balance. In washington speak, that's a $1TRILL increase in debt over 10 years. AND it's growing.
Especially now since Obama is funding his "working class tax break" by stealing from the yearly SS premiums..
So why can't the left defend this aspect of considerable spending that really ISN'T Obama's fault at all?
Because to do so would cause immediate pitchfork parades upon DC when the admission is finally driven home that the SS TrustFund is empty. A propagated myth of accounting is stopping the discussion of the REAL ISSUES...
And so is the life of partisian in politics. From where I sit -- all I can do is encourage both sides to abandon fantasies and discuss realities.
I've tried to help my REP buds defend the decision to invade Iraq, but THEY CAN'T do that because to admit to the truthier version of events would be admitting that Washington policy on Iraq FAILED for at least 25 years prior to the invasion..
MUCH of the increasing deficit is NOT OBAMA'S fault. , but he CAN'T defend it without causing riots and copping to SS problems.
Obama INHERITED the much expect "Entitlement Crisis". It arrived about 8 years early unfortunate for him.. Stop lying about SS Trust Fund fairies, stealing from SS premiums and start defending Prez and fixing the damn problem...
