obamas job proposal

[Danzig]

Originally Posted by horseofcourse

Obviously social security is the most efficient government system in effect right now. Nothing else is funded at all right now. Social security is fully solvent for 25 years and if nothing at all is done 75 percent solvent after that even with the trillions pilfered from it. So yeah, that was comedy his statement on that. Exactly how much should be cut from the military budget?? I know we agree on that. We can just pick a percent and go from that. The money spent on that is what needs drastic reducing without question. I agree.

It is pure common knowledge by everyone in this country that social security has added exactly zero to the deficit...nothing...it is it's own FULLY funded system and not an entitlement program in any way shape or form.

really?

from factcheck:

Social Security and the Deficit

Democratic Rep. Xavier Becerra of California said that he would "fight to take [Social Security] off the table" in budget negotiations, because it "hasn't contributed 1 cent to the deficit that we face today, nor 1 cent to any of the national debt, the $14.3 trillion." We take no position on whether Social Security should be cut, but it's wrong to say it's not contributing to the deficit.
Social Security benefits paid were more than payroll taxes in 2010, leading to a cash deficit of $49 billion. For 2011, the Social Security and Medicare Boards of Trustees project a $46 billion deficit. And those figures don't include the billions more the government will have to borrow to cover that reduction in payroll taxes that was in last year's deal to extend the Bush tax cuts.

http://factcheck.org/2011/07/debt-li...bate-round-up/