Posted on 01/27/2011 8:26:27 AM PST by WOBBLY BOB
REID: One of the thing that always troubles me, when we start talking about the debt, the first thing people do is run to social security. Social Security is a program that works and it’s going to be, it’s fully funded for the next 40 years, stop picking on social security. there are a lot of places…
GREGORY: “Senator, you’re really saying the arithmetic on social security works?”
REID: “I’m saying that the arithmetic on Social Security works. I have no doubt it does.
GERGORY: “It’s not in crisis?
REID: “No, this is something that’s perpetuated by people who don’t like government. Social security is fine, are there things we can do to improve social security? Of course, I’m not going to go to backdoor methods to whack social security. I’m not going to do that, we have a lot of things we can do with this debt. But one places I’m not going to be part of picking on is Social Security”
(Excerpt) Read more at weaselzippers.us ...
not - no
Dems better go get Reid he’s lost again.
Must see YouTube video:
March 5, 2010, Senator Harry Reid:
“Today is a big day in America. Only 36,000 people lost their jobs today, which is really good.”
http://www.youtube.com/watch?v=LC211h9AY-4
Truth is the vaccine against these progressives...
good job, Nevada.
Of course Reid feels comfortable asserting Social Security is “fine.” He’ll either be long dead or gumming mashed bananas in a nursing home by the time it isn’t.
Truth is the vaccine against these “progressives”...
in quotes because there’s nothing really “progressive” in their backward Marxist philosophy.
eat drink and be merry and love your government as Harry would want you to ! (don’t worry, be happy)
It’s fine if you don’t mind paying 90% income tax rates on $50,000/year
Words fail me in expressing my hatred for this corrupt POS.
FOAD you idiot.
He’s even dumber than he looks.
The Federal Government has been 'borrowing' excess Social Security receipts since the days of Lyndon Johnson. The SS system gets an IOU in return and the Government spends the money. If those IOUs were gold or even Federal Reserve Notes then Reid would be right. Unfortunately there is nothing behind those IOUs except the U.S. Government promise to pay the money back. Where is that money coming from? From you, me and the Chinese.
The only good news out of this is that income and outgo for the SS system is now about in balance so there will be no more 'borrowing' by Reid and his band of thieves. What will actually happen is that SS will start giving those IOU's back, the money will flow from the U.S. taxpayer to SS and, according to Reid, all of the IOUs will be cashed by sometime in 2030's.
So we, you and me, will be paying taxes to pay for money spent by Lyndon Johnson, Richard Nixon, Gerald Ford, Jimmy Carter, Ronald Reagan, George Bush the First, Bill Clinton, George Bush the Second and Barak Obama. Doesn't that just give you a warm fuzzy feeling? Do you get a tingle up your leg?
What a joke has been played on the American people.
The last birthday statement I got from the Social Security Administration stated that Social Security is now paying out more than it is taking in. And this is at the very beginning of the post World War II “Baby Boom” generation's retirement (I am of the Boomer's - 1947). The same statement also says the “Trust Fund” will be exhausted by 2037 - about the end of my life expectancy baring any kind of “death committee” medical considerations.
Harry's problem is he was a lawyer and as such must believe that all laws are effective and inviolate. I find this a most interesting mind set particularly for a Liberal/progressive/dimocrat Congress Critter who wants to make all laws conditional.
Sorry Harry, but your statements are now on record and you will not be able to walk away from them anymore. Bless the PC and Internet for making this possible.
Well, as Keynes might say, “in the long run” Harry will be dead by 2037, so everything is fine.
Reminds me of Barney Frank, Pelosi and Schumer...’Fannie and Freddie are fine going forward’...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.