Social Security and the Deficit
http://factcheck.org/2011/07/debt-limit-debate-round-up/
Democratic Rep. Xavier Becerra of California said that he would "fight to take [Social Security] off the table" in budget negotiations, because it "hasn't contributed 1 cent to the deficit that we face today, nor 1 cent to any of the national debt, the $14.3 trillion." We take no position on whether Social Security should be cut, but it's wrong to say it's not contributing to the deficit.
Social Security benefits paid were more than payroll taxes in 2010, leading to a cash deficit of $49 billion. For 2011, the Social Security and Medicare Boards of Trustees project a $46 billion deficit. And those figures don't include the billions more the government will have to borrow to cover that reduction in payroll taxes that was in last year's deal to extend the Bush tax cuts.
Twists and Turns on the Debt July 12
USuncutMN says: Tax the corporations! Tax the rich! Stop the cuts, fight for social justice for all. Standing in solidarity with http://www.usuncut.org/ and other Uncutters worldwide. FIGHT for a Foreclosure Moratorium! Foreclosure = homelessness. Resist the American Legislative Exchange Council, Grover Norquist and Citizen's United. #Austerity for the wheeler dealers, NOT the people.
USuncutMN supports #occupyWallStreet, #occupyDC, the XL Pipeline resistance Yes, We, the People, are going to put democracy in all its forms up front and center. Open mic, diversity, nonviolent tactics .. Social media, economic democracy, repeal Citizen's United, single-payer healthcare, State Bank, Operation Feed the Homeless, anti-racism, homophobia, sexISM, war budgetting, lack of transparency, et al. Once we identify who we are and what we've lost, We can move forward.
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