Alan Simpson in rare interview describes Social Security as "insolvent" - A MUST SEE
I've been researching material to use in a video I'm doing on Grand Bargain II. In my internet travels, I stumbled upon this video that was posted on YouTube by a Social Security watchdog group called StrengthenSocialSecurity. At first I was going to use parts of this mother lode of all videos, and incorporate them into mine, but that won't be rendered for several more days. Having given it some thought, I felt it was important to post the entire video right now, particularly with SS & Medicare cuts back on the chopping block in the Grand Bargain II negotiations.
In this stunning interview, which appears to be catching Alan Simpson exiting a recent Debt Commission meeting, you will find him at his most arrogant (and very talkative) best. He refers to Social Security beneficiaries as the "lesser people" and states "the SS surplus was spent on the interstate highway system and all of the things people have enjoyed since it was set up." The interview (which includes great questions) advances to the point of discussing the pickle the government is in. He states "The United States Government has to take separate money out of some stack to get the IOU's out of Social Security. That's a double hit and that increases the deficit." Simpson goes into great discussion about the SS $2.5 trillion in IOU's.
Incredible, really. I hope you will agree this video is chocked full of insight into what's being discussed behind the scenes and know these thieves have no plan to pay it back. As Simpson said toward the end, "we've gotta make it work." Doesn't that just make you feel warm and fuzzy inside?
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