Long-time opponents of Social Security spun wild yarns about the debt and deficit this summer, and during the run-up to the so-called “fiscal cliff”. Ignoring ten years of war and tax cuts for the wealthy (both purchased on the national credit card), as well as a pandemic of Wall Street greed that nearly sunk the …
Tag: deficit
Rep. Schakowsky: Keep Social Security Out of Deficit Discussion
Via Social Security Media Watch Project: By Caroline Dobuzinskis Illinois House Representative and member of President Barack Obama’s Fiscal Commission Jan Schakowsky has long been an advocate of Social Security and its importance to Americans. On a press call on Monday hosted by the Center for Law and Social Policy (CLASP), she emphasized the increasing …
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Social Security is not responsible for federal deficits
From Ten Reasons Not to Cut Social Security Benefits: Federal budget deficits currently are unusually high, but Social Security bears no responsibility for today’s shortfalls. Keep in mind that the federal government was experiencing budget surpluses at the end of the 1990s, but those quickly were transformed into deficits early in the 2000s because of …
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