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

M30 Wrote: Feb 12, 2013 3:01 PM
Low, I am 51 - same as your Baby Boomer President. I will never worry about losing my job. The generation that you hail from is totally incompetent with no work ethic. No one is expendable, but the younger folks only care about drugs, friends, video games, social media, and their cell phones. It will be the ruination of your generation and those close to you. The real world requires the understanding and the adherence to the rules and details. Details are tedius and you can not hit the reset button; one must solve problems including the details. THose pesky details. Go away now troll.
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...