Is FactCheck.org What You've Been Led To Believe It Is?

(Blog Post) During the Brunch With Bernie segment of the March 25 broadcast... Bernie said something like "Social Security does not contribute one cent to the deficit.." Most every member of the progressive media... both radio and Internet... have expressed the same belief. My understanding of the structure of Social Security is consistent with this progressive perspective on the relationship between Social Security and the deficit. Specifically... they are disjoint. Full Story »

Posted by Doug Greer

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Doug Greer
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by Doug Greer - Oct. 3, 2011

Wait a second! The government knows it must pay the interest. But the government chooses to not plan for that in the budget they create… which forces the government to borrow to meet their (known) obligation. So… Social Security is not contributing to the deficit… the piss-poor budget planning is contributing to the deficit. If I choose to spend my money on guns and porn… knowing that I need to buy medication… and then I’m forced to borrow money for my prescription medications… are the prescription medications the cause of my “deficit”… or is my poor choice of what I do with my money at fault? How did the Republicans get the reputation of being “the grownups”… and this is the way they think? Sounds rather adolescent (at best) to me

I wonder if a hedge fund was holding a trillion dollars worth of Treasury Bonds, would FactCheck.org claim that they contribute to the Federal Deficit?

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