Quote:Meanwhile, Social Security is in crisis
Social Security is not in "crisis."
http://www.huffingtonpost.com/heidi-hart...17497.html
Quote:Leno said: "The Congressional Budget Office reports that Social Security will run a $45 billion deficit this year. They are $45 billion in the hole. Just establishing itself as the federal government's most successful program."
The $45 billion figure that Leno cites is misleading. It reflects the projected status at the end of 2011 of Social Security's combined Trust Fund (the Old Age, Survivors, and Disability Insurance Trust Funds) without taking into account interest earned on the system's government issued bonds. The Congressional Budget Office projects that if this interest is included, the Social Security Trust Fund will run a surplus in 2011 of $72 billion.
Now, Medicare does have a problem....but Republicolibertarianazi shitwits managed to prevent any real reform which might have addressed that problem. Can't allow problems to be solved. That might harm future fund raising.