Alan Simpson is one of two chairs of a bipartisan commission created by President Obama to study the Federal deficit.
His comments reveal some very important things about his biases, his tendency to distort and mislead, and his ideological extremism. These traits are likely to taint the Commission's work, which has great implications for the future
You name it, the right has opposed it: civil rights, school desegregation, womens rights, labor organizing, the minimum wage, social security, LGBT rights, welfare, immigrant rights, public education, reproductive rights, Medicare, Medicaid.
And through the years the right invoked hysterical rhetoric in opposition...
Source:
http://www.truthout.org/republicans-and-tea-party-no59519
The CBO is forecasting that the Social Security system will pay more in benefits than it collects in payroll taxes this year.
This watershed moment wasn't expected for another six years, but the recession has accelerated the timetable by putting millions of Americans out of work meaning they've stopped paying into the system.
Source:
http://theweek.com/article/index/201297/Is_Social_Security_doomed
The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
This will cause the deficit, and therefore the debt as well, to increase even faster.
