Skip to main content

Paul Ryan Deer In headlights Impression photo s-PAUL-RYAN-BUDGET-PLAN-large300.jpg

As Rep. Paul D. Ryan, R-Wisc. tries to reinvent math to solve the impossible problem of balancing the budget while not raising revenues and expanding military spending, with not enough programs for the poor he can slash, one big pot of money sits there before his eyes that he keeps trying to figure out how to steal. The perfectly adequately funded $3 trillion Social Security Trust Fund that our Federal Government has borrowed money from. Paul Ryan doesn't want to pay it back. Michael Hiltzik, of The LA Times tells us his latest scheme unveiled today in Paul Ryan rehashes an old Social Security lie--at your expense.

Hiltzik calls our atttention to this paragraph, on page 66,  in Ryan's Pathway to Prosperity, released today:

"Any value in the balances in the Social Security Trust Fund is derived from dubious government accounting. The trust fund is not a real savings account. From 1983 to 2010, it collected more Social Security taxes than it paid out in Social Security benefits. But the government borrowed all of these surpluses and spent them on other government programs unrelated to Social Security. The Trust Fund holds Treasury securities, but the ability to redeem these securities is completely dependent on the Treasury’s ability to raise money through taxes or borrowing."

This same deceptive language appeared in Ryan's 2012 budget. But the Social Security Trust Fund's $3 Trillion value is not "dubious" folks, it is a real saving account built up out of real deductions from worker's payrolls over the course of their working lives to pay for their retirement. The Bush administration borrowed against it pay for two expensive wars while at the same time giving enormous tax cuts to the most wealthy.

Now Paul Ryan doesn't want to have to pay this back.

But if Ryan has his way, yes, the money will be stolen. It's up to you and me to make sure that doesn't happen. ... So, to put all these pieces together, there's no "dubious government accounting" involved here--the dubious accounting is all Ryan's. The trust fund is indeed a real savings account, involving deposits and interest. Yes, the government borrowed the money, and it has paid interest on it every year (duly recorded and published, down to the last dollar, in the annual reports of the Social Security trustees). ...

The most important factor is the one that people like Ryan want you to forget: The money in the Social Security trust fund came directly or indirectly from the payroll taxes paid by millions of American workers--100% of it. It was paid by workers in the trust that the government would pay it back. Paul Ryan is hinting, pretty strongly, that he doesn't want to pay it back.

I'm trying to listen to Wee Mama's test question of "is it kind, is it true, is it necessary?"  Perhaps, the last question would be better as "is it useful." In this case I can only meet two out of three so perhaps my closing should be short. We need to better communicate Ryan's larcenous intent to the American people.

If Americans understood what the Republicans are intending to accomplish with this treacherous budget proposal they would be lucky to receive 2% of the election vote, the way I see it. Am I wrong here fellow Kossacks? Can someone please explain what I am missing?

7:12 PM PT: Please check out my April Fool Post. I worked on it a long time.

"Crashing the Estates: The Rise of Corporate Powered Politics and The Daily Kochs"

9:40 PM PT: Please check out:African Ebola outbreak expanding in unusual pattern, 78 deaths out of 122 suspected cases


Originally posted to HoundDog on Tue Apr 01, 2014 at 05:53 PM PDT.

Also republished by Social Security Defenders.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site