Posted on 09/27/2010 9:16:36 AM PDT by RobinMasters
Actually, what makes this even more funny is that it’s part of Russ Carnahan’s attempt to run against George Bush rather than Republican nominee Ed Martin, who gets the last word in this video.
The Daily Caller notes that the debate turned into stand-up comedy (er, perhaps sit-down comedy) when Carnahan tries to claim that he rescued a stable system with no problems from the clutches of Bush’s reformers when he first got to Congress. It’s left to Martin to then remind everyone that Carnahan and Nancy Pelosi then continued to raid the Social Security fund to pay for the massive spending of the last two Democratic Congresses, and that is, of course, no laughing matter:
(Excerpt) Read more at hotair.com ...
Of course Congress would vote themselves a pay raise.
Not only is he a bad liar but his history knowledge is poor. Baghdad Bob tried this and also failed miserably.
While the outburst was amusing, the response from Martin was tepid at best. Anyone who thinks that the ponzi scheme should remain in it’s current form, and just be made solvent is a moron. The schema of social security is an inevitable train wreck. There are no real practical reforms which can save it in its current form.
It has to be either privatized, or changed into only a program for the actually needy. As retirement insurance it is inevitably going to go bust.
“There are no American infidels in Baghdad. Never!”
They just don’t get it do they? The Congressman was laughed at and then the moderator, a good Democrat I’m sure, was laughed at when she asked the audience not to laugh at the idiot Congressman. They do not even live in reality anymore.
***The Daily Caller notes that the debate turned into stand-up comedy (er, perhaps sit-down comedy) when Carnahan tries to claim that he rescued a stable system with no problems***
It may have been so in 1964!
http://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
And this is where your money goes!
http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4
There is no Social Security fund. It has been spent by current and past Congresses. In its place is a little piece of paper with the letters IOU.
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