Skip to comments.Harry Reid: “Social Security is Fine,”
Posted on 01/27/2011 8:26:27 AM PST by WOBBLY BOB
REID: One of the thing that always troubles me, when we start talking about the debt, the first thing people do is run to social security. Social Security is a program that works and its going to be, its fully funded for the next 40 years, stop picking on social security. there are a lot of places
GREGORY: Senator, youre really saying the arithmetic on social security works?
REID: Im saying that the arithmetic on Social Security works. I have no doubt it does.
GERGORY: Its not in crisis?
REID: No, this is something thats perpetuated by people who dont like government. Social security is fine, are there things we can do to improve social security? Of course, Im not going to go to backdoor methods to whack social security. Im not going to do that, we have a lot of things we can do with this debt. But one places Im not going to be part of picking on is Social Security
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not - no
Dems better go get Reid he’s lost again.
Must see YouTube video:
March 5, 2010, Senator Harry Reid:
“Today is a big day in America. Only 36,000 people lost their jobs today, which is really good.”
Truth is the vaccine against these progressives...
good job, Nevada.
Of course Reid feels comfortable asserting Social Security is “fine.” He’ll either be long dead or gumming mashed bananas in a nursing home by the time it isn’t.
Truth is the vaccine against these “progressives”...
in quotes because there’s nothing really “progressive” in their backward Marxist philosophy.
eat drink and be merry and love your government as Harry would want you to ! (don’t worry, be happy)
It’s fine if you don’t mind paying 90% income tax rates on $50,000/year
Words fail me in expressing my hatred for this corrupt POS.
FOAD you idiot.
He’s even dumber than he looks.
The Federal Government has been 'borrowing' excess Social Security receipts since the days of Lyndon Johnson. The SS system gets an IOU in return and the Government spends the money. If those IOUs were gold or even Federal Reserve Notes then Reid would be right. Unfortunately there is nothing behind those IOUs except the U.S. Government promise to pay the money back. Where is that money coming from? From you, me and the Chinese.
The only good news out of this is that income and outgo for the SS system is now about in balance so there will be no more 'borrowing' by Reid and his band of thieves. What will actually happen is that SS will start giving those IOU's back, the money will flow from the U.S. taxpayer to SS and, according to Reid, all of the IOUs will be cashed by sometime in 2030's.
So we, you and me, will be paying taxes to pay for money spent by Lyndon Johnson, Richard Nixon, Gerald Ford, Jimmy Carter, Ronald Reagan, George Bush the First, Bill Clinton, George Bush the Second and Barak Obama. Doesn't that just give you a warm fuzzy feeling? Do you get a tingle up your leg?
What a joke has been played on the American people.
The last birthday statement I got from the Social Security Administration stated that Social Security is now paying out more than it is taking in. And this is at the very beginning of the post World War II “Baby Boom” generation's retirement (I am of the Boomer's - 1947). The same statement also says the “Trust Fund” will be exhausted by 2037 - about the end of my life expectancy baring any kind of “death committee” medical considerations.
Harry's problem is he was a lawyer and as such must believe that all laws are effective and inviolate. I find this a most interesting mind set particularly for a Liberal/progressive/dimocrat Congress Critter who wants to make all laws conditional.
Sorry Harry, but your statements are now on record and you will not be able to walk away from them anymore. Bless the PC and Internet for making this possible.
Well, as Keynes might say, “in the long run” Harry will be dead by 2037, so everything is fine.
Reminds me of Barney Frank, Pelosi and Schumer...’Fannie and Freddie are fine going forward’...
Prominent Democrats like Reid need to be “put on the record” on this OVER AND OVER AND OVER.
Bush was right to try a (very modest) reform of the system, and look where it got him. History will remember him more kindly, however, but not Reid and the other Ostriches.
We need to do what Chile did in the 1970s: Transfer from socialist old-age-pension system to a regulated 401k-type approach, so that people SEE and OWN their retirement funds.
From a man who flunked math and aced lying.
At his full Senate salary for life you might add.
What is interesting, somebody pointed this out - whenever anyone talks about privatizing the social security system there are always some who get all apoplectic and start sputtering and talk about the stock market.
That’s a false choice, folks. Privatization means just that - not that the only investment choice are stocks or indexed funds.
Somebody else mentioned the “IOUs” representing social security surplus funds. It’s my understanding that these are “special” treasury bills, special in the sense they are non-marketable Ts. Somebody smarter than me should explain what that really means - it can’t be anything good.
Why in Hell do the people of Nevada keep electing this complete moron???