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View Diary: Romney and Ryan both supported privatization of Social Security (12 comments)

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  •  thanks for the excellent info. but as i remember (0+ / 0-)

    it, lbj didn't dare ask for funding for vietnam as it was so unpopular, & he & congress did some "creative accounting" to juggle the books & come up w/the funding -- effectively putting the payoff date far off into the future -- decades, in fact.  

    the ruse was to steal from ss, which had an enormous surplus, & leave an i.o.u. for future administrations to deal with.  that way, it never went on-budget (officially, anyway) & the d's couldn't be painted with the r's favorite (and still) smear about the d's being tax & spend.

    what we "know" as you say, is rarely what "is."

    •  Check the linked table (0+ / 0-)

      SS didn't have a huge surplus during LBJs day.

      What you are "remembering" is the myth. Through history often that much more compelling than boring historical facts.

      bruceweb.blogspot.com

      by Bruce Webb on Tue Aug 14, 2012 at 03:39:29 PM PDT

      [ Parent ]

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