Skip to main content

View Diary: Barney Frank: Save Social Security by making the near rich pay a little more (146 comments)

Comment Preferences

  •  The *sole* reason we're talking about now is (0+ / 0-)

    the purely political crisis of the fact that FICA, which had for decades provided, via its surplus, a revenue stream for general government, will cease doing so, and Social Security will be expecting repayment of that loan, so SS becomes a net negative cash flow on general governance. So politicians of both parties are looking for a back-door way to default on that intergovernmental loan. That is the only reason people across the political spectrum are looking for ways to cut SS benefits is that they don't want the FICA gravy train to stop, and don't want to have to pay back SS what they owe it.

    All "fixing it now" does is restore the gravy train cash flow to the  DC crooks who want to suck on the FICA tit for a few decades longer - and merely kicks the ball down the road while increasing the political incentive to stiff SS.

    Oh, and on the troll accusation - mind yourself.

    Non enim propter gloriam, diuicias aut honores pugnamus set propter libertatem solummodo quam Nemo bonus nisi simul cum vita amittit. -Declaration of Arbroath

    by Robobagpiper on Wed Jan 09, 2013 at 02:21:52 AM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site