First, let’s be clear: Despite all the right-wing rhetoric, Social Security is not going bankrupt. That’s a lie! The truth is that the Social Security Trust Fund has run surpluses for the last quarter century. Today’s $2.5 trillion cushion is projected to grow to $4 trillion in 2023. The nonpartisan Congressional Budget Office, experts in this area, say Social Security will be able to pay every nickel owed to every eligible beneficiary until 2039. (Bernie Sanders, Politico.com, 9/1/10)For years, politicians and policymakers have reassured the American public that the Social Security system, which sends monthly checks out to 53 million beneficiaries, is safely solvent -- and will be for decades to come. But federal spending and income data from the Treasury Department reveal that the Social Security program is already deep in the red, with outlays exceeding payroll tax revenues by $76 billion in 2010 alone. (Daily Finance.com, 1/19/11)
So RedStateVT asks which seems more logical: that unlike every other single entitlement program, Social Security is flush with cash, or like every other single entitlement program, Social Security is broke and only propped up with government IOUs?
Don’t tell Burlington!
City workers in Berkeley, Calif., who want sex-change surgery, won't get money from their health insurance providers, but they could soon receive funding for the procedure from taxpayers. The City Council votes Tuesday night on a resolution to set aside $20,000 annually for gender-reassignment surgery for city employees, The San Francisco Chronicle reported. The procedure is not covered by Berkeley's health insurance providers, Kaiser and Health Net. (Politicsdaily.com, 1/19/11)
Proof positive that Berkeley, in fact, resides in an alternate universe.
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