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View Diary: The White House Shows its Hand and the Republicans Fold (195 comments)

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  •  Quote from Ryan's Budget: (3+ / 0-)

    “First, any value in the balances in the Social Security Trust Fund is derived from dubious government accounting. The trust fund is not a real savings account. From 1983 to 2011, it collected more Social Security taxes than it paid out in Social Security benefits. But the government borrowed all of these surpluses and spent them on other government programs unrelated to Social Security. The Trust Fund holds Treasury securities, but the ability to redeem these securities is completely dependent on the Treasury’s ability to raise money through taxes or borrowing.”

    WTF is that supposed to mean? How anyone could have voted for this slimebucket I have no explanation.

    "Those who deny freedom to others, deserve it not for themselves." - Abraham Lincoln

    by leftreborn on Wed Dec 12, 2012 at 07:55:57 PM PST

    [ Parent ]

    •  Oh, I can translate (2+ / 0-)
      Recommended by:
      leftreborn, elwior

      We spent the money you gave us to hold, gave you IOUs, and while we own a few gazillion in assets, we don't know if it's actually worth anything.

      But give us more to hold. You know we're good for it.

      •  Yeah well he doesn't get to decide that and if the (1+ / 0-)
        Recommended by:
        elwior

        Republicans think that's gonna fly they're in for a surprise.

        "Those who deny freedom to others, deserve it not for themselves." - Abraham Lincoln

        by leftreborn on Thu Dec 13, 2012 at 08:48:01 AM PST

        [ Parent ]

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