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Reply #53: it's not "raiding". by law, all surplus SS collected MUST be borrowed into the general budget [View All]

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-14-10 05:46 AM
Response to Reply #10
53. it's not "raiding". by law, all surplus SS collected MUST be borrowed into the general budget
in exchange for us securities.

that's the LAW, & it's been the law since SS was established.

This kind of misreporting, imo, is done to confuse people.

The crime isn't in borrowing the SS surplus. Intra-account borrowing & repayment is standard & non-problematic, in other government accounts as well as SS -- within reason.

The crime was in jacking up fica high enough to generate a surplus that expanded for 30 years, generating $2.5 trillion in borrowed $ + interest, far beyond the mandated one-year cushion -- & then implicitly claiming the borrowings couldn't be repaid, so even more money must be collected from workers, or benefits cut.

The crime is happening NOW. Contact your congresspeople & tell your friends & family to do the same. It really is grand theft they're trying to get away with, & if they pull it off it will be one of the biggest thefts in the history of the republic.
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  -Republicans AND Democrats Lining Up Behind Major Changes To Social Security Bluebear  Jul-12-10 11:25 PM   #0 
  - Goddamn all those people, both parties.  CaliforniaPeggy   Jul-12-10 11:29 PM   #1 
  - Damn the DLCers and all the Repukes. (nt)  w4rma   Jul-13-10 12:26 AM   #7 
  - +1000. Why DLC New Dems are so often given a pass is beyond me  NorthCarolina   Jul-13-10 08:16 AM   #25 
     - Good question . . . let's keep asking it -- !!  defendandprotect   Jul-14-10 03:43 PM   #65 
  - +10000000 0000000000000000 0000000000000000 00000000000  Hannah Bell   Jul-14-10 05:35 AM   #52 
  - I'd be happy to work til I'm 70  JustABozoOnThisBus   Jul-14-10 07:46 AM   #62 
  - 70 graduates for every one opening.... Social Security retirement at 65 was  defendandprotect   Jul-14-10 04:15 PM   #66 
  - +1000  Sherman A1   Jul-14-10 10:47 PM   #70 
  - we are amongst many fools in this country, and they are GOP and too often,  Divine Discontent   Jul-12-10 11:30 PM   #2 
  - The democrats would scream like hell if there wasn't a  Citizen Worker   Jul-13-10 03:04 AM   #13 
     - Exactly.  Spike from MN   Jul-14-10 06:47 AM   #59 
     - Wasn't it more an uprising from public that stopped Bush? But Obama going after it now ...  defendandprotect   Jul-14-10 04:17 PM   #67 
  - Disgusting.  saracat   Jul-12-10 11:31 PM   #3 
  - What ever happened to the idea of congressional term limits?  old mark   Jul-12-10 11:54 PM   #4 
  - Wish I could recommend this  Ishoutandscream2   Jul-12-10 11:58 PM   #5 
  - Just send me a few dollars instead.  old mark   Jul-13-10 12:15 AM   #6 
  - I support that  bluestateguy   Jul-13-10 02:36 AM   #11 
  - We could limit their terms in November of even number years, but  Obamanaut   Jul-13-10 03:12 AM   #14 
  - Didn't have enough votes the last time anyone pushed for it:  Freddie Stubbs   Jul-13-10 07:46 AM   #19 
  - Either that or make them work until aged 70 on minimum wage. nt  TBF   Jul-13-10 09:39 PM   #31 
  - bagging groceries  G_j   Jul-13-10 10:34 PM   #37 
  - I still don't think term limits would help as much as people think...  JHB   Jul-14-10 06:15 AM   #58 
     - Absolutely correct -  TBF   Jul-14-10 09:28 AM   #63 
  - Hey how bout we end these POINTLESS WARS instead?  slay   Jul-13-10 12:38 AM   #8 
  - Not going to happen as long as the Conservatives hold sway over DC  NorthCarolina   Jul-13-10 08:29 AM   #27 
     - It's corporate money that's holding sway . . . and elected officials selling out to them --  defendandprotect   Jul-13-10 10:39 PM   #39 
  - K & R nt  laughingliberal   Jul-13-10 12:39 AM   #9 
  - If our government would stop raiding the Social Security fund ...  spin   Jul-13-10 01:19 AM   #10 
  - Social Security doesn't have a problem . . . it's a success, it's healthy . . . runs Surplusses  defendandprotect   Jul-13-10 10:40 PM   #40 
  - it's not "raiding". by law, all surplus SS collected MUST be borrowed into the general budget  Hannah Bell   Jul-14-10 05:46 AM   #53 
  - I am for one big change  bluestateguy   Jul-13-10 02:38 AM   #12 
  - You would think that a liberal democratic party would demand this a a prerequisite for any cutting  Ganja Ninja   Jul-13-10 07:46 AM   #18 
  - Why can't they just move the cap up a little  ThomThom   Jul-13-10 07:32 AM   #15 
  - They can . . . but notice how many here believe right wing propaganda that Social Security  defendandprotect   Jul-13-10 10:42 PM   #41 
     - So is it propaganda or a real attempt? Your post seems to be playing  ThomThom   Jul-14-10 05:32 AM   #51 
        - It is right wing propaganda . . .  defendandprotect   Jul-14-10 03:42 PM   #64 
  - We really are on our own.....  marmar   Jul-13-10 07:38 AM   #16 
  - You're right. Neither of todays viable political parties represents the interest of the people.  NorthCarolina   Jul-13-10 08:18 AM   #26 
  - Why don't you just take my Social Security and buy Enron stock?  unhappycamper   Jul-13-10 07:40 AM   #17 
  - Why don't they just take my social security  EnviroBat   Jul-13-10 08:04 AM   #24 
  - Right -- remember Bush wanted to move Social Secuirty money to Wall Street . . .!!  defendandprotect   Jul-13-10 10:42 PM   #42 
  - What else did you expect when both partys  conscious evolution   Jul-13-10 07:52 AM   #20 
  - Exactly  riskpeace   Jul-13-10 08:54 AM   #29 
  - Evidently a lot of people here . . .  defendandprotect   Jul-13-10 10:43 PM   #43 
  - Finally! They both found something they can agree on:  donco6   Jul-13-10 08:00 AM   #21 
  - They have pulled a Pearl Harbor on the working class for 30 years  Lost4words   Jul-13-10 08:42 AM   #28 
  - Dupe  donco6   Jul-13-10 08:00 AM   #22 
  - Do they realize the negative impact this will have on the younger workforce?  EnviroBat   Jul-13-10 08:01 AM   #23 
  - There will be a 'divide and conquer' by age strategy  blindpig   Jul-13-10 09:35 AM   #30 
  - Absolutely -  TBF   Jul-13-10 09:45 PM   #32 
  - I will not, can not....  unkachuck   Jul-13-10 09:59 PM   #33 
  - dupe...n/t  unkachuck   Jul-13-10 10:01 PM   #34 
  - We reformed the Democratic Party the Old Fashioned Way.  bvar22   Jul-13-10 10:17 PM   #35 
  - Absolutely . . . .  defendandprotect   Jul-13-10 10:45 PM   #44 
  - That's for damn sure!!!  Raksha   Jul-13-10 11:06 PM   #46 
  - All that needs to be done to lower the deficit is to stop the wars and raise taxes on the wealthy.  county worker   Jul-13-10 10:30 PM   #36 
  - Anyone think that Democrats were going to protect us from anything??? Sen. Whitehouse in 2012????  defendandprotect   Jul-13-10 10:36 PM   #38 
  - We can't let this happen. Time to get all radical on their asses!  EmeraldCityGrl   Jul-13-10 10:57 PM   #45 
  - Well, there goes one Democratic talking point this election.  Kablooie   Jul-13-10 11:24 PM   #47 
  - Well take shit away from the richies who don't need it. Over a certain income.  lonestarnot   Jul-13-10 11:30 PM   #48 
  - Exactly my thoughts.  joe_sixpack   Jul-13-10 11:38 PM   #49 
  - Why should anyone making CEO wage get social security? It is fucking ridiculous. And it appears we  lonestarnot   Jul-13-10 11:42 PM   #50 
  - because they paid in, just like you. better raise their income taxes so they can repay what  Hannah Bell   Jul-14-10 05:47 AM   #54 
     - Are you sure they paid it all in, and I don't give a crap if they did. i'd like to see them lose it  lonestarnot   Jul-14-10 10:39 PM   #68 
        - that's a different issue.  Hannah Bell   Jul-15-10 12:11 AM   #73 
  - There is no reason to take 'shit' away from anyone.  Warren Stupidity   Jul-14-10 07:10 AM   #61 
  - Hmmm...raising the retirement age 20 years out. You know who that affects?  JHB   Jul-14-10 06:07 AM   #55 
  - resentment is what the fuckers do best. no one should imagine for a moment it's not deliberate.  Hannah Bell   Jul-14-10 06:10 AM   #56 
  - The word bipartisan means some larger-than-usual deception is being carried out  Fast Dude   Jul-14-10 06:14 AM   #57 
  - The word bipartisan means some larger-than-usual deception is being carried out  mdmc   Jul-14-10 06:49 AM   #60 
  - Massive cuts in Medicare and Medicaid. Not exactly the healthcare reform we wanted and expected.  Better Believe It   Jul-14-10 10:45 PM   #69 
  - Start with Congress.  alarimer   Jul-14-10 10:47 PM   #71 
  - Why don't we just raise the retirement age to 100?  hatrack   Jul-14-10 10:48 PM   #72 
 

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