Hot Air has an important scoop this morning. The CBO has reported to Congress that Social Security will run a deficit in 2010 and will be likely running permanent deficits by 2017. If you, like me, suspected Social Security is the world’s largest Ponzi Scheme, you were right.
Time and time again, forward-looking leaders have warned us that Social Security needed reform to remain solvent. But Democrats, time and time again, chose to demagogue Social Security for political gain rather than reform it. And, understandably, most Republicans learned to be afraid to touch the issue due to the success of the demagoguery. (Like him or not, President Bush the younger was exceptional in trying to tackle the issue.)
And, yes, Obama is one of those Democrats as I noted during the campaign.
Who cares if future generations are left holding the bag? Who cares about the truth? It’s all about winning the next election.
And don’t get me started on AARP. Their slogan through the years might as well be “Screw the grandchildren. Show me the money!”
Well, it looks like AARP and Democrats have succeeded in screwing our children and grandchildren for political gain. Congratulations.