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Real Talk: CBO Director Tells Democrats Social Security is a Deficit Problem

AIPAC Wrote: Feb 12, 2013 3:59 PM
"In truth, the coming deficits stem, above all, from the fact that most Americans are scheduled to receive far more in Medicare benefits than they have paid in Medicare taxes. Social Security contributes to the problem, too, as do the world’s largest military and a tax system that has recently been collecting less revenue, as a share of gross domestic product, than at any point in the past 60 years." Everyone who takes money from DC is to blame.
Over the past few years, Democrats have clung to the idea that Social Security is a self-financing program that needs only tweaks to be fixed and, moreover, has not contributed at all to America's current debt and deficit problem. During Congressional Budget Office Director Doug Elmendorf's testimony to the Senate Budget Committee today, Democrat Jeff Merkley of Oregon prodded on this point.

"Is it fair to say," Sen. Merkley said, "that Social Security does not contribute to the national debt?"

"I don't think that's right, Senator," Elmendorf responded, before explaining the fiction of the accounting of the Social Security...