Skip to main content

View Diary: Rep. Lamar Smith: Cut Social Security or da science program gets it (88 comments)

Comment Preferences

  •  no, it isn't. (2+ / 0-)
    Recommended by:
    AmazingBlaise, Bluefin

    "Excluding national defense, the government’s largest expenses are for Social Security, Medicare and Medicaid."

    social security is a self-supporting program, paid for by current FICA tax receipts, trust fund deposits & interest income. it is not an expense of the federal gov't at all. it is an expenditure of the federal gov't, but not an expense. the only times it contributes to the deficit, is when bonds held by the trust fund need to be redeemed.

    either rep. smith knows the difference between an expense and an expenditure, and he's just lying, or he doesn't, and should really keep his mouth closed in public, so people don't know how much of an idiot he actually is.

    •  Unfortunately your absolutely true statements (0+ / 0-)

      apply to far more ignorant (or disingenuous) politicians than just Rep. Smith, starting in the White House and working on down...

      We’re Ready, Wendy’s Ready! WTF Are We Waiting For? Bring ‘em on! The revolution has begun! Come and take it!

      by Bluefin on Mon Oct 28, 2013 at 04:16:15 PM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site