Thursday, March 25, 2010

Social Security In The Red

In the wake of the passage of the Democrat's Health Care Rationing Scheme, News comes out that our nations Social Security system has reached a point were it will be paying out more then it takes in.

See: Social Security Payouts to Exceed Revenue This Year

The problem, he said, is that payments have risen more than expected during the downturn, because jobs disappeared and people applied for benefits sooner than they had planned. At the same time, the program’s revenue has fallen sharply, because there are fewer paychecks to tax.

Analysts have long tried to predict the year when Social Security would pay out more than it took in because they view it as a tipping point — the first step of a long, slow march to insolvency, unless Congress strengthens the program’s finances.

" . . . unless Congress strengthens the program’s finances?"

How, pray tell, can "Congress strengthen the program’s finances" without raising taxes, cutting benefits, or some combination of both?

When the Democrat's health-care rationing scheme runs into problems, won't they have to raise taxes, cut benefits, or some combination of both?

Why would we want a government that can't manage a simple retirement plan to be put in-charge of rationing our health-care?

If the Democrats break Social Security, people will just be broke. If the Democrats break their health-care rationing scheme, people will die.

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