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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 09:44 AM
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22. When
"it may have some unintended fallout: weakening Social Security."

...are people going to stop pushing this lie?

Dean Baker, September: The Payroll Tax Cut Did Not Cost Security Revenue

The NYT wrongly told readers that the payroll tax cut cost Social Security, "resulted in $67.2 billion of lost revenue for Social Security in 2011." This is not true. The tax cut was fully offset by money from general revenue so that the trust fund was unaffected by the tax cut.


Baker previously stated that the serious problems with the payroll tax were political based on a hypothetical about what the Republicans might try to do. After Bush's attempts to privatize Social Security, Ryan's plan and "Cut, Cap and Balance," it's evident Republicans will try to dismantle Social Security. Republicans are always going to try to destroy Social Security.

Still, what's the point of hyping speculation about what Republicans might do in the future by misrepresenting an initiative that preserves Social Security?




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