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 ...
Prominent Democrats like Reid need to be “put on the record” on this OVER AND OVER AND OVER.
Bush was right to try a (very modest) reform of the system, and look where it got him. History will remember him more kindly, however, but not Reid and the other Ostriches.
We need to do what Chile did in the 1970s: Transfer from socialist old-age-pension system to a regulated 401k-type approach, so that people SEE and OWN their retirement funds.
From a man who flunked math and aced lying.
At his full Senate salary for life you might add.
What is interesting, somebody pointed this out - whenever anyone talks about privatizing the social security system there are always some who get all apoplectic and start sputtering and talk about the stock market.
That’s a false choice, folks. Privatization means just that - not that the only investment choice are stocks or indexed funds.
Somebody else mentioned the “IOUs” representing social security surplus funds. It’s my understanding that these are “special” treasury bills, special in the sense they are non-marketable Ts. Somebody smarter than me should explain what that really means - it can’t be anything good.
Why in Hell do the people of Nevada keep electing this complete moron???
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