Mortgage Grapevine

Political: Social Security has nothing to do with balancing the budget or lowering the deficit.

After watching the vid I'm sure you'll all agree!

http://youtu.be/ihUoRD4pYzI
by That's funny! January 9, 2013 8:34 AM


30 year old clip?

really?

by Booth January 9, 2013 9:58 AM


When that speech happened Social Security was "ON THE BUDGET"
You'll learn a lot more from listening than talking
by Sooner Nation January 9, 2013 9:58 AM


Here another way the poor got screwed in the new tax deal......went to our financial planners office yesterday (thanx Hodges fund..up over 20%) I was going to put another $2k in Pedro's College Fund 529 deal. But the libs now linit that to $500 dollars. Now a 2k write off isn't that much for someone making over 450k but to families making under a 100k thats a big deal. so now poor kids will have to boorow from the lib govt student loan program...cause there is no incentive for their parents to save..WAY TO GO LIBS..
by Power Pig January 9, 2013 10:16 AM


I agree.

I also agree that Social Security is not an entitlement.


by you started it January 9, 2013 10:38 AM


Social Security has nothing to do with balancing the budget or lowering the deficit.

When Social Security needs to start cashing in its holdings of Treasury securities to meet its benefit obligations, the federal government will have to increase its borrowing from the public, or raise taxes or spend less. That will be a concern for the Treasury but not for Social Security, as long as the SOLVENCY of the federal government itself is not called into question. Social Security will be able to sell its bonds just as any private investor might do.[6]
http://www.cbpp.org/cms/index.cfm?fa=view&id=3299
by Sooner Nation January 9, 2013 10:53 AM


Every time I see one of your posts and think you couldn't get any dumber, you still find a way to raise (or lower) the bar.
by adelphos January 9, 2013 1:55 PM


Ancho,

What does a program designed for people that happen to live past the average life expectancy age, have to do with teeneagers getting knocked up?


by YATI January 9, 2013 4:44 PM


That was the case when Reagan was president, he raised the SS tax to be sure that it was self funding.
by RICHONE January 9, 2013 11:35 PM


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