Saturday, August 9, 2014

Debbie keeps on doing it

Let's face the cold hard facts.  Our government has borrowed from the Social Security Trust Fund and it has done this for nearly 45 years. I really hate garbage such as this from Debbie Wasserman-Schultz who actually gets paid for bashing Republicans:

Next week, Social Security celebrates its 79th birthday. When President Roosevelt signed Social Security into law, he wrote:

“We can never insure 100% of the population against 100% of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.”

79 years later, we’ve protected that sacred trust between seniors and our country -- growing old does not mean growing poor. But the fact that Social Security works hasn’t stopped Republicans from trying to privatize it.

Social Security has served our nation well for 79 years -- help us make sure it sticks around for another 79 years by signing our petition. Social Security has worked for nearly eight decades, and it will continued to work if we stand up for it.

Thank you.

Debbie


Beginning in fiscal year 1969, (Lyndon Johnson) Social Security and other Federal programs that operate through trust funds were counted officially in the budget. This was done administratively by President Johnson. At the time Congress did not have a budget-making process. In 1974 (Nixon/Ford) Congress adopted procedures for setting budget goals through passage of annual budget resolutions. Like the budgets prepared by the President, these resolutions were to reflect a "unified" budget that included trust fund programs such as Social Security in the budget totals.

Beginning in the late 1970s, (Jimmy Carter) Social Security faced financial problems, and over a period of time legislation was enacted to restore the financial health of the program. However, because the Federal budget deficit remained large, interest in reducing Social Security spending continued. This routine consideration of Social Security constraints led to concerns that cuts in Social Security were being proposed for budgetary purposes rather than programmatic ones.

In response to this concern, a series of measures were enacted in 1983, 1985, and 1987 (Ronald Reagan)  making the program a more distinct part of the budget and permitting Congressional floor objections (points of order) to be raised against budget bills containing Social Security changes. Source:  Snopes

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