"Social Security Didn't Create the Deficit" Rep. Dennis Kucinich

[DianaForRussFeingold]

Run time: 01:15 https://www.youtube.com/watch?v=Fx_oMTskEY4   Posted on YouTube: July 12, 2011 By YouTube Member: DJKucinich Views on YouTube: 13297   Posted on DU: September 07, 2011 By DU Member: DianaForRussFeingold Views on DU: 325

 
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"Social Security didn't create the deficit, but America's seniors are being presented with a fake Social Security crisis to try to trick them into accepting reduced benefits. Social Security will be able to pay 100% of its benefits through 2037 without any changes whatsoever.

So, why the panic today? If seniors accept cuts to Social Security benefits today, a surplus cash flow will build in the Social Security trust fund. According to the Congressional Research Service, "Social Security's cash surpluses are borrowed by the U.S. Treasury and can be used for tax cuts, spending or repaying debt."

Social Security benefit cuts are increasing taxes paid to Social Security or extending retirement age will give more money for tax cuts spending or repaying the debt. Except for one thing: Social Security money belongs to those who have paid into the fund, it's not the government's money to use it; it shouldn't be the government's money to play with.

Senior citizens should not have to accept a reduced standard of living to finance tax cuts for the rich. We must take a stand for senior citizens and protect Social Security and protect future generations from this raid on Social Security's funds."

Social Security: Promises Made, Promises Broken?
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