How America Killed Its Middle Class

[Tom Joad]

Originally Posted by piece-itpete

It was so the program (SS) had enough funds to cover the inevitable time when it would be paying out more than it took in - when the boomers started to retire. Just reality.

Not exactly Pete. The deal was that extra money was supposed to generate surpluses so that the treasury would be in fat city when the boomers retired, yes.

However your boy Ronny screwed that up with his tax cuts of 1985 or was it '86? Then on top of it spent out the ying yang for an arms race with the Rooskies.

Bush the first didn't do any better and the deficit continued to swell.

Clinton got us back on track and by the time he left office we had surpluses and the Bond Traders were getting nervous that we would pay off all those treasuries.

Then along came Bush II and his economic Wrecking ball and we all know the rest.

Its a real pisser when someone comes along like me to blow your bullshit out of the water isn't it Pete?