Hays, Kansas

Where Individuals Become A Community With A Voice
HomeHome  PortalPortal  ChatChat  RegisterRegister  Spell CheckSpell Check  Log inLog in  

Share | 

 long-term surplus for Social Security of $22 trillion

Go down 
Minor Leaguer
Minor Leaguer

Number of posts : 899
Age : 52
Registration date : 2008-03-30

PostSubject: long-term surplus for Social Security of $22 trillion   Mon Aug 01, 2011 6:18 pm

"When Peter Coy, the Bloomberg Businessweek Economics Editor, appeared this morning on "Washington Journal," he brought along a chart for his discussion of the magazine's cover article, "Why the Debt Crisis is Even Worse Than You Think." But, the chart, purported to show a national fiscal gap, did not match Coy's talking points. As Coy concluded commenting that cuts would be needed to Social Security and other entitlements, C-SPAN moderator Susan Swain pointed out that Coy's chart showed a long-term surplus for Social Security of $22 trillion. Coy confirmed as accurate her interpretation of the chart and, after some stumbling, admitted that, "The trust fund is not the crucial issue." Indeed, his own figures show that it is not an issue at all. So, why did he continue to insist that Social Security cuts are needed?"

Back to top Go down
View user profile
long-term surplus for Social Security of $22 trillion
Back to top 
Page 1 of 1
 Similar topics
» Looking to donate locally long term
» I'm a new donor: Looking for long term recipients. San Antonio area.
» Milk ready for long-term/ongoing donation to a mom prescribed an SSRI anti-depressant
» BF mom looking to donate long term :)
» Large Surplus of milk in Memphis

Permissions in this forum:You cannot reply to topics in this forum
Hays, Kansas :: Open Forum :: General Discussion-
Jump to: