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Mon Nov 12, 2012, 06:25 PM

Ronald Reagan: 'Social Security has nothing to do with the deficit.'

Don’t get us wrong, we’re no fans of Ronald Reagan and the “Trickle-Down” economics he popularized. But even he was straightforward when it came to this.

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Found on the WeAreSocialSecurity YouTube channel/MoveOn.org

6 replies, 1173 views

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Reply Ronald Reagan: 'Social Security has nothing to do with the deficit.' (Original post)
Playinghardball Nov 2012 OP
msongs Nov 2012 #1
Faygo Kid Nov 2012 #2
SamKnause Nov 2012 #3
SubgeniusHasSlack Nov 2012 #4
DhhD Nov 2012 #5
AAO Nov 2012 #6

Response to Playinghardball (Original post)

Mon Nov 12, 2012, 06:27 PM

1. ammunition dems could use if they wanted to keep SS as it is....if they WANTED to that is nt

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Response to Playinghardball (Original post)

Mon Nov 12, 2012, 06:28 PM

2. This time he was right. It doesn't.

Neither Social Security nor Medicare should be on the table re sequestration. This is not the way to make thoughtful changes if changes need to be made.

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Response to Playinghardball (Original post)

Mon Nov 12, 2012, 06:56 PM

3. Social Security

I would like to see the Democratic Party buy up large blocks of air time on Fox News and run that clip nonstop.

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Response to Playinghardball (Original post)

Mon Nov 12, 2012, 07:41 PM

4. Then why did he use all the money in the SS account in his "supply side" voodo bookkeping?

 

ronny raygun was the original republickcon gangster and a total prevaricator.

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Response to Playinghardball (Original post)

Mon Nov 12, 2012, 09:28 PM

5. Reagan and many others since, have taken out IOUs, or borrowed from the SS Trust Fund.

In 1983, Reagan gathered the Greenspan Commission to raise the payroll deductions (called a tax but it is more like a premium) so the SS Insurance Trust Fund would grow very large and his Administration could borrow out of in using IOUs. Both Reagan and Clinton took out IOUs to pay down the national deficit. The Social Security Trust Fund is NOT part of the National Budget just like Reagan is saying in the OP's video link, but he failed to tell you that the Fund could be borrowed from using IOUs.

The SS Trust Fund could be sured up again. And it needs to be. It takes very little money to run the program, as opposed to the gigantic fee that Wall Street is hoping will happen if Corporatist can talk the Congress and Sheepeople Americans in to letting go of this safety net. The Trust Fund has the right to call in all of its IOUs. The borrowed portion is paying interest to others instead of to itself/The Fund. When the Fund has been drained by IOUs, is when the Republicans holler that the Fund has/is almost depleted or will not last long. What a deception!

January of 2010, a Congress controlled by Democrats, began the Obama Tax Plan for the Middle Class. December 1, 2010 Republicans take over the House/Ways and Means Committee. January 2011, Obama Tax Plan ends for the Middle Class and the Bush Tax Plan is reinstated for the Middle Class. It is offset by a reduction in the SS Trust Fund Tax taken out of the Middle Class's employment payroll deductions. Check your pay statements for February 2010 and February 2011. Most people would not notice this bait and switch. Compare your W2 Forms. So a lot of people did not even realize that the Bush Tax Plan reestablished and increased their taxes back to what they were in around 2007 (Google the Bush Tax Plans and Cuts for the Middle Class; none for the wealthy). This, all because the Republicans took over the House in 2010-11. Obama was forced to take a shellacking! Just like he said and in more ways that one.

Please feel free to see who (corporations are people) has taken out IOUs from the Social Security Trust Fund by online research. Ask Google is good.

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Response to Playinghardball (Original post)

Mon Nov 12, 2012, 09:51 PM

6. He actually sounded completely sane and coherent.

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