The Dem's false flag of Social Security solvency

Washington Times Editorial:

House Minority Leader Nancy Pelosi could not have been more clear in explaining the Democratic plan to solve Social Security's long-term solvency problem. Earlier this month she told Chris Wallace on Fox News Sunday: "The [Democratic] plan for solvency is to stop robbing Social Security of its [surplus] money for other purposes. The plan is to return the money back to the trust fund." In offering the minority party's budget blueprint two weeks ago, House Democrats got their opportunity to present their plan. And they failed miserably to act on Mrs. Pelosi's words. In fact, over 10 years, the Democrats' budget falls short of Mrs. Pelosi's "plan for solvency" by a whopping $3.6 trillion.

...

Indeed, over the entire 2006-15 period covered by the Democratic budget blueprint, the Democrats fail to meet Mrs. Pelosi's standard each and every year. And they fail by enormous amounts. Social Security trustees, in their 2005 report issued on Wednesday, estimate that Social Security trust-fund surpluses, including interest income, will total $2.4 trillion from 2006 through 2015. Over the same period, the Democratic budget blueprint would generate budget deficits totaling $1.2 trillion. Without relying on the $2.4 trillion in Social Security surpluses from 2006-15, the Democratic budget deficits would total $3.6 trillion. Clearly, Mrs. Pelosi and her Democratic colleagues do not have the courage of their espoused convictions.
The Democrat's not so secret plan is to raise income taxes to cover the Social Security shortfall in the out years.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more