What Are The Cuts To Your Social Security the GOP Is Pushing For? (wage, insurance)

[BigJon3475]

Maybe that's what liberals do to their elderly. Maybe that explains why they continue to delude themselves to the short comings of the welfare state. If they stopped deluding themselves they then would realize the only option is to take those elderly in. It would explain a lot as to why liberals refuse to understand basic facts and read the reports from the sources that they come from. Because they have no intention of taking care of those elderly, their elderly.

You can't try to fix a problem while still not understanding what the problem is. Even worse is refusing to open your eyes and ears when it's being pointed out plain as day.

[JoeTheEconomist]

Originally Posted by middle-aged mom

Greenspan proved his worth to Reagan by using a commission he headed to perform one of the all time great budgetary magic tricks, an invisible tax hike that helped the supposedly antitax Reagan admin to fund 8 years of massive deficit spending. Reagan would later refer to these hikes as " revenue enhancements".

After Greenspan's SS reforms the SS Administration bought T bills, which is essenitally lending the money to to the government for use in other appropriations with IOUs left for future generations. Reagan, Bush 1, Clinton and Bush 2 spent all the money - a shell game. Money comes in the front door as payroll taxes and went out the back door as deficit spending so that only new payroll taxes keep the bubble from bursting.

-Matt Taibbi
Griftopia

I like most of your research, but I am not sure that I would quote Taibbi here. Reagan raised taxes 12 times. It isn't like SS was a invisible tax, or Reagan's lone concession. Increased payroll taxes were very visible. There are no accounting tricks. What he calls IOUs are also known as "Cash Equivalents" by investment professionals. The payroll tax increase occurred 4 years into Reagan's term so it didn't fund 8 years of 'massive' deficit spending. Here you have a blogger using code words designed to mislead the reader.