Entitlement irony, agenda priority
Just as the Democrats add another massive new entitlement to the laws of the land, one of the oldest entitlements “officially” goes into the red:
This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.
Stephen C. Goss, chief actuary of the Social Security Administration, said that while the Congressional projection would probably be borne out, the change would have no effect on benefits in 2010 and retirees would keep receiving their checks as usual.
The problem, he said, is that payments have risen more than expected during the downturn, because jobs disappeared and people applied for benefits sooner than they had planned. At the same time, the program’s revenue has fallen sharply, because there are fewer paychecks to tax.
Three things to be gleaned from this excerpt. 1) CBO numbers are static numbers based on nothing changing over the years in which their “scoring” takes place. Obviously that’s not reality and the CBO numbers for health care reform will prove that again soon. 2) Democrats will have to eat their words about Social Security being solvent and not in trouble. Many of the same one’s who made that claim recently also gave you the “numbers” in the health care bill scored by the CBO. And finally, 3) this isn’t a can Obama can kick down the road is it?
Not that he won’t try.
Because according to the NY Times, Cap-and-trade is the next legislative item the administration wants Congress to act upon.
Jobs? The economy?
What in the world are you smoking – they don’t give a rip about jobs, the economy or you. There’s an agenda at stake here. The window’s closing fast. And what the citizens of America need or want aren’t important right now. Don’t believe me? Read the article cited above – it’s another economy killing tax slated for an April introduction into the legislative process.
Are the scales perhaps beginning to fall from a few eyes yet?
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