Ignoring hard truths on Social Security
Attempting to draw a line in the sand over the future of Social Security, Senate Majority Leader Harry Reid stuck his head in it.
“Simply say, (Social Security is) off the table,” says Mr. Reid in a video from the liberal Progressive Change Campaign Committee. Why, Reid insists it’s “the most successful social program in the history of the world.”
Except this “success” story will hemorrhage $600 billion in deficits over the next decade, based on the latest projections. This year alone Social Security will collect $45 billion less than what it pays out in benefits, according to the Congressional Budget Office.
Add the one-year cut in payroll taxes, and that figure swells to $130 billion. But have no fear: Congress promises to make up the difference. From what?
Reid and his fellow Democrat sandbaggers cannot stem trillion-dollar federal deficits by ignoring government’s budget-busting entitlements. Disingenuous attempts to do so are akin to “a sparrow belch in the midst of a typhoon,” says former Sen. Alan Simpson, the Republican co-chairman of a presidential deficit-reduction commission.
The time’s come for a show of some guts on difficult decisions that must be made. Instead, Reid plunges his head into the sand, providing America a most unflattering view.