Why Don't Dems Count the $70 Trillion Shortfall in Their Medicare & Social Security Programs as Debt?

Question

If you have a $70 trillion shortfall that you know is coming, at least you would be honest with yourself.

Why aren't Dems honest about it?

Our true debt is $79 TRILLION thanks to Dems' programs --- not $9 trillion.

Shouldn't Dems at least be honest with their grandchildren who will be driven into bankruptcy by these 2 Dem programs?

Answer 1

sorry ssp no feet to stand on there.

Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program He promised:

1.) That participation in the Program would be completely voluntary,

2.) That the participants would only have to pay 1% of the first $1,400 of their annual incomes into the Program,

3.) That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year,

4.) That the money the participants put into the independent "Trust Fund" rather than into the General operating fund, and therefore, would only be used to fund the Social Security Retirement Program, and no other Government program, and,

5.) That the annuity payments to the retirees would never be taxed as income.

Since many of us have paid into FICA for years and are now receiving a Social Security check every month -- and then finding that we are getting taxed on 85% of the money we paid to the Federal government to "put away" -- you may be interested in the following:

Q: Which Political Party took Social Security from the independent "Trust Fund" and put it into the General fund so that Congress could spend it?

A: It was Lyndon Johnson and the democratic controlled House and Senate.

Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?

A: The Democratic Party.

Q: Which Political Party started taxing Social Security annuities?

A: The Democratic Party, with Al Gore casting the "tie-breaking" deciding vote as President of the Senate, while he was Vice President of the US.

AND MY FAVORITE:

Q: Which Political Party decided to start giving annuity payments to immigrants?

A: That's right! Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!

Then, after doing all this lying and thieving and violating of the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!

And the worst part about it is uninformed citizens like SSP believe it!

Answer 2

Dems aren't honest because they know if it gets out that the programs they fight so hard for are deteriorating and going to send the US economy into a bigger shock then we are now feeling that will be the end of the Democratic Party simply because they will have nothing else to run on aside from the war and there isn't much you can do with that

Answer 3

the shortfall is not accumulating debt, YET....

The programs will no longer be sound after 2012, if we "stay the course", but that isn't considered debt until the year 2013.

Not sure where you're getting your numbers....they sound made up.

FACT: Bush inheirited a surplus, and ended his presidency in debt.

FACT: Dems have only controlled congress for the last year...by a very slim margin. Republicans have held congress for several decades previously.

..so why do you blame Dems for everything still ?

Answer 4

Hmm, properly you spot it only so happens that the interior maximum sector runs the banking equipment, and that they tremendously much self-destructed and had to have the government bail them out. the interior maximum sector additionally runs the airlines and one among them is going bankrupt another summer season and has to ask the government for help. the interior maximum sector additionally runs the oil industry that's continually whining to the government they desire extra tax breaks to maintain profitability or they'll throw a temper tantrum and close down all their refineries. till you will get some stable examples of the place the interior maximum sector has been waiting to run some thing effectively with out having to bypass to the government for help or hire a militia of lobbyists to piss and moan approximately policies at the same time as they pay their CEOs $3 hundred Million according to 3 hundred and sixty 5 days salaries your argument only isn't very convincing.

Answer 5

Why won't the current adminstration stop borrowing from Social Security on a daily basis? Thus increasing that debt? Also didn't a Republican controlled Congress just change Medicare not to long ago? Wasn't it that Congress that grossly under estimated the cost? So don't go blaming the Dems for the mess they have to clean up.

Answer 6

It wasn't Dems that passed Medicare Part D, the largest entitlement program in the past twenty years, with an expected shortfall higher than the GDP of several countries. That was our fearless leader, GW Bush.

Answer 7

We can lay part of the blame for these entitlements at the feet of both parties.

But I, like you, can't comprehend why so much attention is paid to the $9 trillion debt, with relatively little attention paid to the much larger liabilities posed by our entitlement system.

Answer 8

Creative accounting!

Why ask why? No body in American politics is going to give you a straight answer. Both sides "spin" the facts as they see fit. In this case, you are using your common sense, as we all should, to glean the truth from the BS that we get from politicians.

Answer 9

those are only debts if they have an honest intent to pay them.


as I'm sure you know, SS and M/M are long term financial disasters waiting to happen. The Dem plan is to raise taxes and cut benefits so they can continue to borrow the temporary fiscal surplus to fuel earmarks and vote purchasing 'benefits'.

Answer 10

The budget shortfalls can be layed squarely at the feet of Bush's phony war in Iraq.