BoatBanter.com - View Single Post

Canuck57[_9_]

On 21/03/2011 7:43 PM, wrote:
On Mon, 21 Mar 2011 21:27:47 -0400, wrote:

On Mon, 21 Mar 2011 17:02:41 -0700, wrote:

On Mon, 21 Mar 2011 17:43:19 -0400, wrote:

On Mon, 21 Mar 2011 11:40:55 -0700, wrote:

If paygo doesn't apply to the entitlements and the DoD budget it is
about as significant as cutting the NPR budget.

"Federal Reserve chairman Alan Greenspan and former Congressional
Budget Office (CBO) director Dan L. Crippen have pointed to PAYGO as
instrumental in establishing the fiscal discipline that gradually
decreased the deficit during the 1990s and ultimately led to large
surpluses."

That was when SS and Medicare were paying their own way. Both are in
deficit now.

They are not in deficit in any way that affects the upcoming budget.
It's nonsense, right-wing fear-mongering.

Ya, but look at the debtor that owes money to SS. Seriously, SS has
been raided as a cheap money source by the government. Below market
rate returns for decauses, a slight of government hand in skimming it.

Now the government does not want to have to pay back the SS debt it
owes. And as the US government depeciates the currency, it makes SS
shortfalls worse.