Yes, I can explain. Reagan indeed saved Social Security, with the assistance of the Democrat majority in Congress. The 1983 Social Security reform raised SS taxes and increased the retirement age, averting a collapse of the system. Economist Lawrence Kotlikoff of Harvard estimates that if this were taken into account in budget calculations, the Reagan deficits would actually be surpluses.
None of this changes the fact that McCain is an idiot who knows nothing about economics.
LOL, oh yeah, Reagan fixed social security alright... uh... what the fuck is he talking about. Can anyone explain to me how Reagan fixed Social Security?
"On Social Security, the Arizona senator says he still backs a system of private retirement accounts that President Bush pushed unsuccessfully, and disowned details of a Social Security proposal on his campaign Web site."
Yes, I can explain. Reagan indeed saved Social Security, with the assistance of the Democrat majority in Congress. The 1983 Social Security reform raised SS taxes and increased the retirement age, averting a collapse of the system. Economist Lawrence Kotlikoff of Harvard estimates that if this were taken into account in budget calculations, the Reagan deficits would actually be surpluses.
None of this changes the fact that McCain is an idiot who knows nothing about economics.
ADebreu 3 years ago
LOL, oh yeah, Reagan fixed social security alright... uh... what the fuck is he talking about. Can anyone explain to me how Reagan fixed Social Security?
lzepln 3 years ago
Obama 08
Honest Leadership and Open Government Act of 2007 (Pub.L. 110-81).
Federal Funding Accountability and Transparency Act of 2006 (S. 2590).
Secure Fence Act of 2006 (Pub.L. 109-367).
Can you tell me JUST ONE of McCain's CONGRESSIONAL ACCOMPLISHMENTS?!
Mayion23 3 years ago
Bad Grampa! No prunes for you!
IDCL2 3 years ago
You fool...MORE prunes for him. We need to help him eliminate all the S*** he's so full of.
ADebreu 3 years ago
Wall Street Journal March 3, 2008:
"On Social Security, the Arizona senator says he still backs a system of private retirement accounts that President Bush pushed unsuccessfully, and disowned details of a Social Security proposal on his campaign Web site."
jaysonnitro 3 years ago