In 2005 Congressional Democrats blocked Republican proposals to save Social Security.
Then they wildly cheered their own obstructionism during the State of the Union Address the following year.

Today Social Security is in the red.

(The Washington Post)

As Americans were focusing on Barack Obama’s record debt and unemployment the last two years, Social Security went cash negative this past year.
The Washington Post reported, via Free Republic:

Last year, as a debate over the runaway national debt gathered steam in Washington, Social Security passed a treacherous milestone. It went “cash negative.”

For most of its 75-year history, the program had paid its own way through a dedicated stream of payroll taxes, even generating huge surpluses for the past two decades. But in 2010, under the strain of a recession that caused tax revenue to plummet, the cost of benefits outstripped tax collections for the first time since the early 1980s.

Now, Social Security is sucking money out of the Treasury. This year, it will add a projected $46 billion to the nation’s budget problems, according to projections by system trustees. Replacing cash lost to a one-year payroll tax holiday will require an additional $105 billion. If the payroll tax break is expanded next year, as President Obama has proposed, Social Security will need an extra $267 billion to pay promised benefits.

But while talk about fixing the nation’s finances has grown more urgent, fixing Social Security has largely vanished from the conversation.

Lawmakers in both parties are ducking the issue, wary of agitating older voters and their advocates in Washington, who have long targeted politicians who try to tamper with federal retirement benefits.

 

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  1. In 2005-06 the dems also blocked fixing fannie mae and freddie mac calling every proposed reform racist and that has cost us trillions of dollars from the bubble burst and the ongoing recession.

  2. Thanks Barry.

    roflmao

  3. One of the biggest mistakes of our nation is entertaining even the slightest consideration of debate with liberals when tackling our common problems. Their input is rarely, if ever, mature, responsible or constructive.

  4. Don’t worry so much, you people. If we simply ignore the problem, and make sure we whistle when walking past the graveyard, everything will be just fine. Relax.

  5. i would like to know how many time the “lockbox” for social security has come before congress and who voted for it and who voted againist it. i think it was all the people that saved social security from the evil republicans that voted to “borrowing” money from the system.

    how many people collect social security benefits that never paid into the system or collect benefits long before they were supposed to get them, like dope addicts.

  6. I’m sure the Dems will find some way to spin this as the GOP’s fault. Par for the course, right? Although maybe this snowy October surprise just might have exposed some of Obama’s true believers … http://www.ombudizen.com/2011/10/30/heads-i-win-tails-you-lose/

  7. The Republicans MUST…MUST use this OVER and OVER again in their campaign ads! It can be used against Hillary the COMMUNIST TRAITOR too! This video will get so many senior votes against the communist demo-rats! I know I am a senior and this is being sent to every one I know and passed on! Every one get this going!

  8. Yep, every candidate who has an opponent who stood up and cheered for obstruction of SS reform should use this clip.

  9. Republicans have lockjaw, apparently. How else can one explain their reluctance to talk about this not-very-difficult-to-understand problem? We’re out of money.

    Republican “leaders” need to stop worrying about scaring old folks, because the fix involves a pro-rated scale-back of the whole program, not affecting the benefits being paid now nor the benefits promised to people who are in the middle of their working lives.

    New workers entering the system need to be told that they will have more money in their pockets due to SS withholdings being eliminated, and with that extra cash they must do some wise investing to assure their own futures. They need to have it explained to them that they will be far better off financially in the long run, by taking responsibility for their own lives now.

  10. wow. You know they are idiot, but being reminded sometimes really brings it home. This isn’t one guy screaming out in the crowd either.

  11. Obama and the progressive traitor party are trying to create another crisis with the FICA cuts.

  12. The Intergenerational Ponzi is toast. To keep this pig going will require sky high tax increases and big benefit cuts. A total scam but a program whose surpluses allowed the pols to spend even more than they normally could have. When the dollar collapses this program will be gone, as will all law and order.

  13. The politicians on both sides are to blame for this and going to fight ever having to be made accountable for deceit. If we do not hold them accountable…God help us.

  14. Yep, it’s everyone’s fault, d@mn the video evidence.[rolls eyes] Hence, it is no one’s fault. Everyone should be punished…er, well, I guess we’re already there.

  15. #15

    rolls eyes

    : roll : no spaces

    :roll:

  16. Paul Ryan had a plan. But the democrats made an ad were a Ryan look alike pushed Granny over a cliff. Ignore and deny is the democrats decision. Bias and learned it well through Obama.

    Government has had its hands in the cookies jar called Social Security. They need to fix this, now.

    Americans have worked very hard for this and Government once again has used America. Shameful.

  17. No jobs, no security. Economy grew 2 percent in the past month. Has to grow, every month. We are in trouble and no one seems to be able to fix a thing.

    Things will improve but not enough. The money that has been wasted would blow your mind.
    _________________________________________

    Democrats have largely chosen to ignore the shortfall, insisting the program is flush, citing the existence of the trust fund. They argue that fixing Social Security can wait, perhaps for years.

    Senate Majority Leader Harry M. Reid (D-Nev.), who is fighting to maintain control of the Senate, has been particularly outspoken. In March, as a bipartisan group of six senators was gaining attention for a push to draft a debt-reduction plan that included a Social Security fix, Reid summoned hundreds of activists to a rally on Capitol Hill. Fresh off a tough reelection campaign that turned in his favor after he accused his tea party opponent of wanting to “wipe out” Social Security, Reid exhorted policymakers to “leave Social Security alone.”

    http://www.washingtonpost.com/business/economy/the-debt-fallout-how-social-security-went-cash-negative-earlier-than-expected/2011/10/27/gIQACm1QTM_story.html

  18. Error: USAJobs.gov

    The Obama Administration is outputting job-creation proposals at Twitter-speed and ridiculing Republicans for not signing onto the whole package. Which brings us to an already up-and-running federal jobs program called USAJobs.gov. Well, up-and-running is an overstatement.

    ———–
    ———–
    ———–

    “Why am I having to do the same search 3 times before anything shows up?” “Over one week now and I still haven’t received my password reset email!!” “USAJOBS WEB SITE IS A DISASTER!” “I entered Delaware and got Germany jobs and all of the Forest Service.”

    Director John Berry says job seekers will get an additional three weeks to meet application deadlines. Monster.com has graciously offered to host free job postings for federal agencies for 30 days, as the government reboots its “improved” website. Better yet, the Obama team could turn over fixing USAJobs to the folks at Occupy Wall Street.

    READ BETWEEN THE LINES AT: http://online.wsj.com/article/SB10001424052970204644504576651410602355734.html



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