HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Increasing taxes on the r... » Reply #10

Reply #10


Response to woo me with science (Original post)

Sat Nov 10, 2012, 01:51 AM

10. IMHO I would like to see the conversation steered toward the fact that

Social Security pays it's own way.

“…Under the law, Social Security cannot possibly contribute to the on-budget deficit. It can only spend money that has been collected from the designated payroll tax or from the investment of past surpluses. (The money from general revenue to make up for the temporary payroll tax cut the last two years is an exception to this rule.) If benefit payments exceed current revenue and the money available in the trust fund, as the Congressional Budget Office projects will happen in 2038, then Social Security would not be able to pay full scheduled benefits. It could not force the government to increase its deficit….”

http://www.cepr.net/index.php/blogs/beat-the-press/lesson-for-reporters-social-security-does-not-add-to-the-budget-deficit

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 19 replies Author Time Post
woo me with science Nov 2012 OP
RC Nov 2012 #1
woo me with science Nov 2012 #15
Loudly Nov 2012 #2
Lugnut Nov 2012 #4
xtraxritical Nov 2012 #8
SickOfTheOnePct Nov 2012 #18
CheapShotArtist Nov 2012 #3
quinnox Nov 2012 #6
hay rick Nov 2012 #11
OnionPatch Nov 2012 #5
Art_from_Ark Nov 2012 #14
airplaneman Nov 2012 #7
Sophiegirl Nov 2012 #9
LineNew Reply IMHO I would like to see the conversation steered toward the fact that
fleabiscuit Nov 2012 #10
part man all 86 Nov 2012 #12
ErikJ Nov 2012 #13
woo me with science Nov 2012 #16
reformist2 Nov 2012 #17
PETRUS Nov 2012 #19
Please login to view edit histories.