I keep running into this particular "fact" about Social Security, all over the internet:
"In 2010, for the first time, payouts to retirees and the disabled have exceeded the program’s revenues from payroll taxes."
I find this in articles seemingly with nothing to do with Social Security, and others that seem to have everything to do. It's presented as cold hard fact, presented as if "we knew it would happen sooner or later, and now it has". And I can't find its source. I have a hard time believing this statement, on its face, but writers seem to have swallowed it as truth.
As a senior on Social Security, I am well aware of the upcoming recommendations of President Obama's catfood commission. Its membership is overloaded with advocates, both Democrat and Republican, of benefit reduction, by one means or another.
And I've heard recent comments of Democrats, advocating means testing, and/or raising the minimum age. Democrats! Not just Jean d'Orange from Ohio, but Steny Hoyer. Steny Hoyer actually touched the 3rd rail (raising the retirement age) and wasn't vaporized! What kind of being might he be? Is he truly man?
All of this on Social Security's 75th anniversary weekend, when the Democrats hope to slap the Republicans around a little bit.
Can anyone shine please some light on this puzzling statement?
I suppose I should apologize up front for submitting a diary that might not meet the minimum guidelines for a diary. Sorry.