Posted on 03/17/2011 9:59:03 PM PDT by Libloather
Reid Says He Won't Consider Changes to Social Security Until He's 91
Published March 17, 2011 | FoxNews.com
Senate Majority Leader Harry Reid says he's not willing to consider changes to Social Security for another 20 years – when he's 91 -- but the entitlement program for seniors is likely to be in crisis by then.
**SNIP**
Social Security represents nearly 20 percent of all federal spending this fiscal year, and that is expected to grow as more baby boomers retire.
In 2010, more than 54 million Americans were receiving Social Security benefits – with monthly payments averaging $1,076 -- and 16.5 million more are projected to receive them over the next 10 years.
Social Security posted its first deficit last year since the program was last reformed three decades ago. The CBO said at the time that Social Security would post surpluses for a few more years before permanently slipping into deficits in 2016.
But the latest projections show nothing but red ink until the Social Security trust funds are exhausted in 2037.
"Harry Reid is playing politics," Democratic strategist Doug Schoen said. "I was part of efforts in the 1990s to do just that. But it's wrong. We just can't afford it. Harry Reid and the liberal Democrat are pursuing the wrong course."
"Harry Reid and some Republicans and many Democrats are momentarians," Brad Blakeman, former deputy assistant to President George W. Bush said. "They live for the moment. Great societies provide for the moment but plan for the future, and our future demands we tackle the tough problems today and not just react to crises but head off crises."
(Excerpt) Read more at foxnews.com ...
Like Harry had to worry about living on SS.
i hate him. that is worse than loath & i’m fine with that. FH
Hopefully Harry will continue to make crazy remarks that show he’s suffering badly from demenia and the voters of Nevada will eventually be too ashamed to continue to vote for him?
Maybe congressional Republicans should start admitting there is no SS trust fund when they go on TV. That would be a good start. Reid is claiming SS is fully funded. Unless that is challenged this is a waste of time.
The Democrats had a chance to work with Bush to fix it years ago and they decided to sit on their hands. All they did is kick the can down the road and it will be much worse.
Thank-you very much, Nevada, for sending this clown back to DC. What were you thinking?
I thought the old bastard was 91 already. He sure looks like hell for someone who is only 71. Yikes!
Well, he just got re-elected in November, so we got dingy Harry for the next six years.
Loath him, however we have bigger problems than Social Security. We bring in 785 billion a year and give out 606 billion. Medicaid and other areas are in bigger trouble.
When the collapse happens, I hope we have the integrity to put people like Reid on trial for treason.
Harry thinks he’ll still be in the Senate at 91?
Emulating his fellow traveler, Sheet (D-KKK) Byrd perhaps for staying power?
The same thing the rest of the Country thought when they elected Barack the Deciever?
The D of C has forced its ungodly values upon the citizens and now we will reap the whirlwind.
How many are fakers and foreigners on SSI ?
SS brings 785 billion a year and the government spends all of it and then some. There's absolutely no point in accounting for it separately.
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