"NO" was the pro-middle class vote.
Chris Chocola voted YES
It's Time for a Change!
It's Time for a Change!
Sunday, October 15, 2006
Spending the Social Security Surplus
Social Security is the most popular government program in history, providing monthly benefits to 43 million Americans. Forty percent of seniors would fall below the poverty line without their Social Security check. In 2001, there were an estimated 3.4 workers paying Social Security payroll taxes for the benefit of each retiree; by 2030, the ratio will fall to an estimated 2.1 workers per retiree. Last year, Congress approved a budget agreement that would spend the Social Security surplus. According to an analysis by Congressional Quarterly, “the agreement projects declining deficits over the succeeding four years, reaching $210.9 billion in FY 2010. However, all of these deficits count Social Security surpluses. If Social Security surpluses are not counted, the FY 2010 deficit would be $470.8 billion.” Both the House and Senate approved the measure.
"NO" was the pro-middle class vote.
"NO" was the pro-middle class vote.
Subscribe to:
Post Comments (Atom)
-
An Open Letter to President Barack Obama Dear President Obama, We greet you in the name of Jesus Christ, the Prince of Peace. We, Bishops ...
-
January 1, 2009 By Michael Goodson Post-Tribune columnist For the past several months, we have listened to right-wing pundits trying to rewr...
1 comment:
The spending of the Social Security "surplus" is nothing new nor is it even wisely spent.
Cash flows in and cash flows out. Whom do you think pays for good part of that tax cut to the rich, corporate welfare and war in Iraq? taxpayers and social security funds are the largest chunk of change around.
No wonder Wall Street wants in on the loot.
Post a Comment