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FACT CHECK: Social Security adds to budget deficit
Pioneer Press ^ | 8-12-12 | AP

Posted on 08/12/2012 10:27:08 AM PDT by TurboZamboni

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To: TurboZamboni

Social Security is not paying more in benefits than it takes in taxes. It is only true if you do not take everything Social Security tax brings in, but only that which they outlay to paying benefits. Social security now takes in more than 50% that goes into the general fund. The democrats do not count that. They now consider that theirs to play with. If Social Security was forced to leave that which they put into the general fund to benefits, we would be good for at least 30 years yet.


21 posted on 08/12/2012 3:21:12 PM PDT by maxwellsmart_agent
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To: Starstruck

Ryan said it best - we don’t destroy what people are depending on and have paid for - we make changes to the future program:

“My mom is a Medicare senior in Florida,” Ryan said. “Our point is we need to preserve their benefits, because government made promises to them that they’ve organized their retirements around.

http://www.freerepublic.com/focus/f-news/2917729/posts


22 posted on 08/12/2012 8:58:07 PM PDT by GOPJ (Freeper Neveronmywatch's convinced: Put a compass in the hands of a liberal it'll point south.)
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