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Sat Dec 8, 2012, 11:03 AM

FISCAL CLIFF: Ronald Reagan To Rethuglicans: ‘SOCIAL SECURITY Has NOTHING To Do With The DEFICIT’

Republicans keep nattering on about how we can fix the deficit by attacking so called “entitlements” of Social Security and Medicare.

http://www.cnbc.com/id/100271782





Yet, right wing God Ronald Reagan very simply explained the lack of relationship between Social Security and the deficit way back in 1984. He said plain as day, “Social security has nothing to do with the deficit.”


What about this is so hard to get?


At the first Reagan-Mondale debate in 1984, Reagan set the record straight about Social Security. Watch here:





Reagan said, “Social Security, let’s lay it to rest once and for all… Social security has nothing to do with the deficit. Social Security is totally funded by the payroll tax levied on employer and employee. If you reduce the outgo of Social Security, that money would not go into the general fund or reduce the deficit. It would go into the Social Security Trust Fund. So Social Security has nothing to do with balancing a budget or raising or lowering the deficit.” Why are we still discussing Social Security as relevant to the deficit, and why are the very people who advocate against Social Security the same people who claim to revere Ronald Reagan? We know y’all hate the social safety net, but can we at least agree to deal in real math?



For a real taste of irony for the math impaired, Dan Gross explained that it is the “Republican-designed Medicare Part D prescription drug benefit that threatens to explode entitlement costs, by as much as $1 trillion in 10 years.” You see, Republicans left Medicare Part D unfunded and also left it up to the private sector insurance companies to charge what they wished for the drugs rather than force competition to do its thing.

http://www.thedailybeast.com/articles/2012/12/07/fiscal-cliff-day-31-a-gop-entitlement-s-huge-price-tag.html



At least Social Security is funded, which is more than we can say for Republican “entitlements” like wars, corporate subsidies, and tax cuts to the rich. Which party is the fiscally responsible party again?





http://www.politicususa.com/hey-gop-ronald-reagan-explained-social-security-deficit.html

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Reply FISCAL CLIFF: Ronald Reagan To Rethuglicans: ‘SOCIAL SECURITY Has NOTHING To Do With The DEFICIT’ (Original post)
Segami Dec 2012 OP
malaise Dec 2012 #1
dkf Dec 2012 #2
nadinbrzezinski Dec 2012 #3
dkf Dec 2012 #4
Fire Walk With Me Dec 2012 #5
jody Dec 2012 #6

Response to Segami (Original post)

Sat Dec 8, 2012, 11:14 AM

1. Most ReTHUGs don't have a clue about

Reagan.
K &R

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Response to Segami (Original post)

Sat Dec 8, 2012, 11:16 AM

2. Except when the payroll tax is partly paid by the general fund like the current 2% holiday.

 

Or when the trust fund runs out and if it is decided that the general fund will make up the difference between what is promised and the payroll tax contributions.

Those two circumstances are directly connected to the deficit.

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Response to Segami (Original post)

Sat Dec 8, 2012, 11:16 AM

3. Cause, well, it's a matter of religious belief

And Reagan is the god, keeper of the secrets, and never ever READ the holy book.

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Response to Segami (Original post)

Sat Dec 8, 2012, 11:21 AM

4. Conversely medicare is directly connected to the deficit.

 

HOW IS MEDICARE FINANCED?
Medicare is funded primarily from three sources: general revenues (40%), payroll tax contributions (38%), and beneficiary premiums (13%) (Figure 3):

http://www.kff.org/medicare/upload/7305-07.pdf

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Response to Segami (Original post)

Sat Dec 8, 2012, 11:21 AM

5. Well, there he goes again.

 

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Response to Segami (Original post)

Sat Dec 8, 2012, 01:30 PM

6. What a relief to know I won't be required to pay more taxes if SS becomes indebted.

 

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