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Tuesday, May 3, 2011

Federal Cap on Spending will Include Social Security, and a few Dumb Ass Democratic Senators who Support it.

We all know that Social Security is put into a separate fund, not part of the general budget, and a tax on the poor and middle class for the senior years. It has a huge surplus too.

But Republicans don't like it. They've been borrowing from it for years, but now say they can't pay it back. Oh well. And now, besides our own Sen. Ron Johnson, a few Democrats are on board with chopping off a chunk of Social Security just...because of some artificial cap. 
Knoxnews: Sen. Bob Corker appears to be making some progress … announced recently that two more senators - Joseph Lieberman, and Ron Johnson, have agreed to sign on as co-sponsors of a bill he is pushing to put an across-the-board cap on federal spending … with Sen. Claire McCaskill … Jim Cooper, D. 
Like the taxpayer bill of rights, or TABOR, this is math for stupid politicians, and a “we know better than future elected officials” act of arrogance.
He describes what he's proposing as "a fiscal straitjacket" that would result in $7.6 trillion less spending over 10 years and change the way Washington does business.
Current spending is high because we are still pulling ourselves out of the Great Recession. To base a “cap on spending” at these extraordinary times, and not when the economy is back to normal, is economically foolish. It’s hard to imagine the Democrats here agreeing with the Republican plan of austerity. It flies in the face of the gift handed to the Democrats with Ryan and Corker’s bad budgeting.
But get this…
Social Security would be counted as part of the federal budget and subject to cuts if overall spending is not reduced to the target level.
That’s our retirement security safety net, separate from the general fund, not part of the overall budget and a tax on the poor and middle class they’re slashing.

What they want to do is go into our savings account and take money out indiscriminately because of some indiscriminant cap on spending.  

Do we all really need to see bread lines, poor house and child labor again again? A do over?

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