I will admit to using sensationalism in my title to get you to read this post. But I suspect that IF you read it, you might be better informed for those many political conversations that you have, usually with your family and closest friends. Like the topic of sex, politics is usually off the table for discussion amongst polite people.
Just hours after President Obama said that Social Security cuts and privatization are off the table, Cantor said that Social Security had to be cut to balance the budget. But here’s the thing: Social Security does not and never has added a single dime to the federal deficit.
The wars in Iraq and Afghanistan? They add to the deficit. Tax breaks for billionaires? They add to the deficit. Subsidies for big oil? They add to the deficit. Bailing out Mr. Cantor’s friends on Wall Street when they make a bunch of shady deals, cause a financial crisis and almost ruin the world economy? That adds a lot to the deficit.
Simply put, Social Security will run on it’s curent balance for decades. (See report below.) The rest of the budget runs a deficit. So, why are we even talking about Social Security?
Here’s why: Eric Cantor and his right-wing friends want to destroy the program. That’s the only reason we’re having this conversation. Eric Cantor’s comments aren’t anything new. Right-wing Republicans have been trying to tear down Social Security for generations. It’s the holy grail of the right-wing.
Now Republicans are playing with fire — they’re threatening to shut down the government. They’re holding the debt ceiling hostage. They’ll do whatever it takes to put cutting Social Security on the table. But America is a community. We stand up for one another — including our seniors.
Update: My sissie sez, “Go to http://www.ssa.gov/OACT/TRSUM/index.html for the official report”