Why Social Security Isn’t a Monstrous Lie
Posted in Main Blog (All Posts) on September 9th, 2011 4:42 am by HL
Why Social Security Isn’t a Monstrous Lie
Kevin Drum: “Here’s how Social Security works: every month we take in taxes from working people and every month we turn around and distribute those taxes to retirees. That’s it. That’s how it works, and everyone who actually knows anything about the program knows that’s how it works. Taxes come in, benefits go out. And the key to solvency is simple: making sure that those taxes and benefits are in balance.”
“Now, morally speaking, we certainly have an obligation to keep Social Security running. After all, today’s seniors did their bit back in the day and provided benefits to yesterday’s seniors. But again, that’s true of every government program… If Social Security is a ‘monstrous lie,’ as Rick Perry says, then the entire federal government is a monstrous lie.”
Barbour Joins Rove’s Super PAC
Mississippi Gov. Haley Barbour (R) is joining American Crossroads, the influential Republican Super PAC founded by Karl Rove, to help the group raise money during the 2012 election, the New York Times reports.
“Well-connected in party circles and known as a formidable fund-raiser, his addition to the American Crossroads team suggests that the group is preparing to play a leading role in the 2012 elections, with the capacity to raise and spend more money than the G.O.P.’s official national party committees combined. They are, after all, subject to contribution limits, while Crossroads is not.”
