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To: SJackson

>>Lew took umbrage at USA Today’s contention in an opposing column there. Included in his collection of laughable claims were these howlers: “Social Security does not cause our deficits,” and “Social Security benefits are entirely self-financing.”

That was too much for Washington Post syndicated columnist Charles Krauthammer, who flung verbiage from Clinton-era reports issued by Lew’s own OMB back in his face:

… listen to the OMB’s own explanation (in the Clinton administration budget for fiscal 2000 under then-Director Jack Lew, the very same). The OMB explained that these trust fund “balances” are nothing more than a “bookkeeping” device. “They do not consist of real economic assets that can be drawn down in the future to fund benefits.”

In other words, the Social Security trust fund contains – nothing.<<

I just love when Krauthammer does stuff like this.

History to a Cloward-Piven-Lew idiot is last Sunday’s NYT.


2 posted on 01/10/2013 5:57:31 AM PST by ILS21R (Everything is a conspiracy. No? You're living in one.)
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To: All
Nancy Pelois and the Democrats figure they'll take in $1 trillion in new
tax revenues this year thanks to the Fiscal Cliff bill. Pelosi said: "Not to
worry......Bernie from Butner called me and assured me he'll make it happen."
"All we have to do is send Bernie a blank check drawn on the US Treasury."

"Are you kidding? One measly trillion? More like two trillion."

"Bernie from Butner assured me, and Nancy, that he is gonna make it happen.
I'm personally cutting a blank Treasury check to Bernie."

" Heck, Bernie's got a tried-and-true formula----he can turn billions into trillions."

4 posted on 01/10/2013 6:06:58 AM PST by Liz
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