Move On, Harry Reid

Hey, hey, heave ho, Harry Reid has got to go!

Sharron Angle Re: Social Security

with one comment

From Jon Ralston’s article (http://tinyurl.com/25jpcto) at The Las Vegas Sun:

“Anchor: ‘Someone said you are out to get rid of Social Security.’

“Sharron Angle (http://www.sharronangle.com, insertion mine): ‘Well, that’s nonsense. I have always said we need to make the lockbox a lockbox, put the money in there for our senior citizens. They came here in good faith paying into a system and Harry Reid has put an IOU in for 24 years. He has been raiding Social Security. What we need to do is personalize Social Security so the government can no longer raid it (emphasis mine).’

“…She has described it in many different ways, all of which indicate she thinks the current system is unsustainable and that government should be taken out of it. That couldn’t be controversial, some analysts agree (emphasis mine)

“There’s no doubt that a tried-and-true tactic of Democratic candidates for federal office is to try to scare seniors into believing that Republicans want to take their Social Security…even though Democrats have done nothing to ensure its long-term solvency (emphasis mine)“…

Sharron Angle’s website (http://www.sharronangle.com) says:

“We must keep the promise of Social Security by redeeming the ‘IOU’s’ that have been written to the Social Security Trust Fund and then putting that money in a lock box that cannot ever be raided again by Washington politicians. The only way we pay for it is by cutting spending.

We should also create personalized accounts for the next generation that cannot be raided (emphasis mine).”

Sharron Angle is right.

As the New York Times (see: http://tinyurl.com/yhkt9fw) reported:

This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office (emphasis mine).”

“The problem, he said, is that payments have risen more than expected during the downturn, because jobs disappeared and people applied for benefits sooner than they had planned. At the same time, the program’s revenue has fallen sharply, because there are fewer paychecks to tax.”

In a repost of Rep. Paul Ryan’s (Republican, Wisconsin) blog at Business Insider (entitled “Medicare And Social Security Are Going Bankrupt And Obama Isn’t Even Trying To Fix Them”, see: http://tinyurl.com/287cvz6), Ryan, who is the ranking Republican on the House Budget Committee – so he knows of that which he speaks – states:

“Washington has long been aware that, unless reformed, our largest entitlement programs — Medicare, Medicaid and Social Security — will go bankrupt and, in the process, deal a crushing blow to our budget and economy.

“…Key in the federal government’s arsenal for correcting this dire trajectory is the annual budget. Regrettably, the president’s proposal to Congress not only failed to meet this challenge, but it also failed to even try.

“The most candid expression of this sidestep can be found on Page 146 of his budget: On top of the page is a summary table of the president’s actual budget numbers, which show a simple continuation of the unsustainable path of ever-higher spending, taxes, deficits and debt. Immediately below this table is a large box acknowledging that the budget numbers are unsustainable and calling for a commission to fix the situation. The executive order creating this panel says: “The fiscal commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long term.”

And, if I’m not mistaken, Harry Reid voted for the Senate version of this budget.

As Doug Bandow at The Cato Institute said (see: http://tinyurl.com/yccuxy3):

“The crisis is now, since the vaunted ‘trust fund’ is filled with non-recourse government bonds–essentially worthless pieces of paper. There’s no there there when it comes to financing future benefits. Either payments have to come down or taxes have to go up, unless we adopt real reform centered around personal accounts (emphasis mine). And the latter course seems ever more distant after Congress voted to expand federal control over every Americans’ health care.”

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One Response

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  1. I’m for anyone who can beat Harry Reid as long as she listens to what the American people want. Not the liberal agenda, no socialism. Stop raping social security and pay back what you already took out, protect our borders, no amnesty for illegals, deport criminals illegals, put up our border fence as promised, no cap and tax. NO MORE TAXES, LESS GOVERNMENT INTRUSION. JUST VOTE THEM OUT!!!! I LOVE MY COUNTRY, I FEAR MY GOVERNMENT

    Donna

    June 20, 2010 at 12:18 pm


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