sailingaway
07-19-2011, 04:39 PM
Ron Paul Slams Proponents of the Debt Limit Increase for ‘Propaganda’
Read more: http://www.thestatecolumn.com/capitol/ron-paul-slams-proponents-of-the-debt-limit-increase-for-propaganda/#ixzz1SarzIPlR
Paul slammed Obama’s warning as “the most abhorrent bit of chicanery.” Paul cited the Chief Actuary of Social Security, who “confirmed last week that current Social Security tax receipts are more than enough to cover current outlays.” Paul acknowledged that only “if the [Obama] administration decided to spend those designated funds elsewhere” would the recipients of Social Security assistance not receive their checks.
Paul also accused the Obama administration of frightening seniors, instead of the administration’s “big banking friends.” Social Security, Medicare and Medicaid have become a key issue in the struggle to create a debt ceiling plan that will satisfy both sides of the aisle. However, cuts to Social Security, Medicare and Medicaid have always been a part of the Republicans’ debt ceiling plan. Back in March, House Speaker John Boehner (R-Ohio) confirmed this in an interview with The Wall Street Journal.
Paul concluded his column by emphasizing “how scary it is to be completely dependent on government promises and why many young people today would jump at the chance to opt out of Social Security altogether.”
Read more: http://www.thestatecolumn.com/capitol/ron-paul-slams-proponents-of-the-debt-limit-increase-for-propaganda/#ixzz1SasRSJ00
Read more: http://www.thestatecolumn.com/capitol/ron-paul-slams-proponents-of-the-debt-limit-increase-for-propaganda/#ixzz1SarzIPlR
Paul slammed Obama’s warning as “the most abhorrent bit of chicanery.” Paul cited the Chief Actuary of Social Security, who “confirmed last week that current Social Security tax receipts are more than enough to cover current outlays.” Paul acknowledged that only “if the [Obama] administration decided to spend those designated funds elsewhere” would the recipients of Social Security assistance not receive their checks.
Paul also accused the Obama administration of frightening seniors, instead of the administration’s “big banking friends.” Social Security, Medicare and Medicaid have become a key issue in the struggle to create a debt ceiling plan that will satisfy both sides of the aisle. However, cuts to Social Security, Medicare and Medicaid have always been a part of the Republicans’ debt ceiling plan. Back in March, House Speaker John Boehner (R-Ohio) confirmed this in an interview with The Wall Street Journal.
Paul concluded his column by emphasizing “how scary it is to be completely dependent on government promises and why many young people today would jump at the chance to opt out of Social Security altogether.”
Read more: http://www.thestatecolumn.com/capitol/ron-paul-slams-proponents-of-the-debt-limit-increase-for-propaganda/#ixzz1SasRSJ00