But theres a bit of camouflage attached: If you include the interest that the federal government owes the fictitious Social Security trust fund, then the program is in the black. Which is to say, if you think that borrowing another $1 trillion from the bond market to shift money from one government account to another government account makes the nation $1 trillion richer, then everythings hunky-dory. But if you compare the programs tax income to its benefit outlays, without the interest owed, as CBO does, what you get is deficits from this year forward to 2021 of $45 billion, $30 billion, $28 billion, $30 billion, $31 billion, $33 billion, $44 billion, $59 billion, $77 billion, $98 billion, and $118 billion by my always-suspect English-major math, about six-tenths of a trillion dollars in the hole.”
It's about time. Now Republicans need to RAM the CBO numbers down Democrats throat since they LOVE the CBO. Problem is:Republicans seem terrified to tell voters the truth: that THERE IS NO SS TRUST FUND.
How could it be the black? they just cut FICA taxes!
just one time, i wish one of the 535 would stand up and speak the truth [besides ron paul]...