Social Security Didn't Create the Deficit

Social Security didn't create the deficit, but America's seniors are being presented with a fake Social Security crisis to try to trick them into accepting reduced benefits. Social Security will be able to pay 100% of its benefits through 2037 without any changes whatsoever.

So, why the panic today? If seniors accept cuts to Social Security benefits today, a surplus cash flow will build in the Social Security trust fund. According to the Congressional Research Service, "Social Security's cash surpluses are borrowed by the U.S. Treasury and can be used for tax cuts, spending or repaying debt."

Social Security benefit cuts are increasing taxes paid to Social Security or extending retirement age will give more money for tax cuts spending or repaying the debt. Except for one thing: Social Security money belongs to those who have paid into the fund, it's not the government's money to use it; it shouldn't be the government's money to play with.

Senior citizens should not have to accept a reduced standard of living to finance tax cuts for the rich. We must take a stand for senior citizens and protect Social Security and protect future generations from this raid on Social Security's funds.

Category:

News & Politics

Tags:

• Congressman Dennis Kucinich
• senior citizens

[bertly71]

Bernie Madoff went to jail for doing what our politicians are doing with Social Security contributions.

[sreilly910]

Mr. Kucinich states that the Social Security trust fund is able to pay 100 percent of payments until 2037 without any changes. That means the entire trust fund will have no money in 2037 and anyone born past the year 1972 won't get a dime from social security when they turn of age. Since the purpose of social security is to be social insurance, not a retirement account. Why don't we cut social security for wealthy seniors who do not need to rely on it?

[MrOnesonny]

@meyaya55 thats because we seniors have already outlived our usefulness ,they dont give a hoot if we atarve ,or are miserable in cool weather,most seniors dont contribute to the tax books anymore,so why do they want to keep us around,it's not charity.is is what we paid for,leaft it to hell alone or pay the consequences we can all still vote!!!!!!!!!!!!

[MAINEPREPPER]

@sreilly910 Wow, you managed to insert every lie about Social Security into one paragraph. It's not a trust fund, a conversation Obama has with someone else does not establish a fact. Connecting the dots we see that SS has money. The danger comes from the wealthy who do not need SS and want it eliminated, so they can steal that money for THEIR corporate welfare and above all they don't want to give up their Bush era tax cuts. To them it is better to starve the poor than inconvenience the rich

[dumnuts1]

Obama needs only a few billion more dollars, to give to crooked solar companies, not to mention energy companies that have Nancy Pelosi's brother-in-law on the board. Oh yes, don't forget dumping more of your federal tax dollars down the rabbit hole of public education and the bottomless pit of the Defense Department. We need a leader in the White House. I'd settle for a band leader at this point.

[bobbybmusicrecording]

America wake up! The lies and deception from Obama and the GOP to destroy Social Security, not because it is broke, because they want to spend it for the debt and to hell with the American people who paid into the trust fund. Call your members of congress and tell them you are fed up.

[sreilly910]

@SpitfireOFatj When Social Security started there was enough money to save it into a trust fund, on July 13th Barack Obama told to Scott Pelley that if we didn't borrow from China we won't be able to pay for Social Security checks. That proves that Social Security spends more than it takes in. I mean connect the dots and see where that heads us. It's no myth-- nobody without any credibility disagrees that social security deficits are permanent. your broken record will play after 96 years