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Ronald Reagan: "Social Security has nothing to do with the deficit." - YouTube
Th teabagers would throw him out!
Ronald Reagan: "Social Security has nothing to do with the deficit." - YouTube
Th teabagers would throw him out!
Reagan the socialist!
[ame=http://www.youtube.com/watch?v=cgbJ-Fs1ikA]Reagan--No Loopholes For Millionaires - YouTube[/ame]
I think it's very true that Reagan would not win a Republican primary in today's climate.
Who 'borrowed' the Social Security taxes we paid?
April 28, 2011
President George W. Bush made a shocking assertion back in 2005 when he was pushing to privatize Social Security. A lot of people in America think there is a trust, he said, that we take your money in payroll taxes and then we hold it for you and then when you retire, we give it back to you. But thats not the way it works. There is no trust fund just IOUs .
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But, unfortunately, Bush was right. In 1983, Congress and the Reagan administration adjusted Social Security taxes and benefits to put the program on an even keel that began to build up a huge surplus for investment. But Congress decided to borrow the surplus instead of investing. Theyve been using it to help pay for things that have nothing to do with Social Security, things the political establishment and tax-averse Americans wanted but didnt want to pay for: invasions, education, highway repairs and so on. And, without giving any thought to paying the surplus money back, the federal government has been trading it for special Treasury bonds that politicians used to assure us were safe in a lockbox.
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Republicans say the Social Security program has to borrow money to stay afloat, making it a key part of the national debt crisis. Democrats say Social Security is fully funded with a huge surplus, and so doesnt contribute to the debt crisis.
Senate Majority Leader Harry Reid said on Meet the Press the other day that talk about a Social Security financing crisis is something that is perpetuated by people who dont like government.
Perhaps. But that group of people could expand as Congress tackles the debt crisis, everybody gets a peek in the lockbox, and folks in Washington decide whether our Social Security tax payments really have been borrowed, or stolen.
Who 'borrowed' the Social Security taxes we paid? - SentinelSource.com: Editorial
Misleading the Public: How the Social Security Trust Fund Really Works
Ronald Reagan: "Social Security has nothing to do with the deficit." - YouTube
Th teabagers would throw him out!
I think it's very true that Reagan would not win a Republican primary in today's climate.
What is the fixation on Reagan?
He was just another big government guy lying to us about being a small government guy.
The more things change.....